We recently reported about Apple’s worth being $500, 000, 000, 000.
Now price of Apple’s stock has soared to astronomical heights over the last 18 months. On 29 February 2012, Apple stock closed at another record high and the company become more valuable than the GDP of Poland.
You must be wondering how high can Apple’s stock keep climbing? According to Apple’s co-Founder, Steve Wozniak, Apple stock will continue to soar for quite sometime.
?Wozniak proclaimed that he had a firm belief about Apple’s stock price having the potential to hit $1,000 per share. Woz believes is that Apple is not just one big company, but it has actually become a bunch of big companies rolled into one because of its strong products like iTunes, OS X, iPhones, iPads, Macs, etc.
When asked about Apple’s stock price by CNBC’s Brian Sullivan, Wozniak said:
“You know, people talk about $1,000 stock price. At first you want to doubt it but I actually believe that, and I don’t really follow stock markets. Apple is on such a winning course because it’s encapsulated all of its different big products that I mentioned, they all work together so well that you are in a course that if you buy a product from another company it doesn’t really do as much as one from Apple does. So Apple has a large room for growth.”
Apple’s share price reached $542.44 at the end of trading on Wednesday, 29 February 2012, and many analysts believe that the stock will continue to climb, thanks in large part to the iPad 3 which will be launching at 7 March 2012. Another major factor likely to contribute to Apple’s soaring stock price is their potential of making a great television, which Woz thinks the company will eventually do.
“Apple has that much growth left because we’re talking something like Apple TV that works with all these other great, great companies and products all in the same sphere,” Wozniak explained.
Apple’s stock performance has been phenomenal over the last few years. At the moment, it seems that it still has a lot of room to grow. However, your opinion matters. How high do you think will Apple’s stock price climb? Post your comments.
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Source: Cult Of Mac