New iPhone and iTV: Will Apple Fever Push Company Value to $1 Trillion?

By Karla Robinson
April 4, 2012

Two analysts are predicting that Apple’s stock will hit the $1,000 mark within a year or two.
Brian White of Topeka Capital Markets says the introduction of the next iPhone and the iTV, paired with expansion into China and the TV market, will surge the stock to more than $1,000 bringing the company’s value to $1 trillion. “Apple fever is spreading like a wildfire around the world,” he said.
“Shares can reach $1,000 based on our belief that Apple will continue to win in global mobile devices,” Gene Munster of Piper Jaffray wrote in a note.
The company has grown over 60 percent since Steve Jobs’ death in October, so these predictions may not be unreasonable. In this year alone, the stock has risen 53 percent.
“Apple investors also are benefiting from a $2.65-a-share dividend, starting in July, and a $10 billion stock buyback plan,” reports Bloomberg. “The company announced both initiatives last month.”

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