26 Comments

Summary:

[qi:109] Bolstered by the news of upcoming movie rentals via iTunes, hot selling Macbooks and iPod Touches, Apple just blasted past the $200 a share. So where does it go next? “There’s so much growth to look forward to for the iPhone,” said Stephen Coleman, chief […]

[qi:109] Bolstered by the news of upcoming movie rentals via iTunes, hot selling Macbooks and iPod Touches, Apple just blasted past the $200 a share. So where does it go next?

“There’s so much growth to look forward to for the iPhone,” said Stephen Coleman, chief investment officer at St. Louis-based Daedalus Capital LLC, which owns about $7 million of Apple shares. He projects the stock will hit $600 in 18 months. (via Bloomberg)

Seems like a case of too much egg nog! Or Not! This has been a good year for Apple believers – the stock is up a whopping 138%. In comparison, Google, the other stock market darling is up a mere 54%. But you already knew that!

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  1. I can’t wait until they dominate the PC market!

  2. I’ve definitely purchased my last Windows POS!

  3. Sorry for the multiple comments, but let me drive this PC point home. Have you ever browsed the computer magazine shelves. What do you notice about all the Windows mags:
    “How to fix…”,
    “10 easy ways to tweak…”,
    “Common Windows problems …”,
    “Clean your Windows…”

    Now look at the Mac mags:
    “How to do cool things with your Mac…”

    Get the picture?

  4. The idea that macs are trouble free is a myth. I own both platforms, and I’ve had problems with both at about an equal rate. As a closed platform, Apple has a huge advantage over microsoft and yet they still generate their share of faulty hardware and software.

  5. I’ll switch to Ubuntu linux then. :)

  6. Apple’s stock has had a banner year for sure, but it is currently trading with a P/E of 50. That’s not sustainable historically. If Apple hiccups unexpectedly, expect a strong pull back.

    PS… good luck to shorts heading into the spring! ;-)

  7. The idea that Macs are trouble free is a myth. But it is much easier to keep a Mac running. The Mac OS is much more straightforward and uses common phrases to describe what’s going on. And my iPhone is a delight, something I cannot say about any previous cellphone. Since investing in Apple 4 years ago, I’m up over 1000 percent. Think I’d bail out now? No way. Still plenty of room to grow and Apple is schooling multiple industries at once.

  8. Mike B,

    I second your thoughts. I think Apple’s popularity has also resulted in it becoming more problem prone.

    Anyway i still think it is one of the better designed machines out there.

  9. @ All

    I forgot to write this in the post – the Apple stock typically is on an upswing right through macworld. then it slides down. it has happened seven out of ten years in the past. sell into hype is what my wall street buddies say.

  10. $600 a share? Whoa, let’s not go nuts here. I love Apple products, but I see nothing in the real product pipeline or the rumor mill to back that up. In fact, won’t Android powered phones cut into iPhone sales?

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