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| Apple |
The stock price
of Apple is currently above the $600 level although an analyst has hinted that this
will increase by nearly two-fold in the coming year.
A note to
investors from Topeka Capital Markets analyst Brian White saw an updated
version of his earlier projection on the stock price of Apple. The initialprojection put Apple stock prices to reach $1,001, which White indicates is a
conservative estimate in the recent note.
He revealed
that the increase in the stock price of Apple was inhibited by some negative
feelings in the past few weeks. However this will be replaced with concerns of
being left behind in the increase in stock prices that is projected to reach around
$1,111 in the coming year.
According to
White the increase in the stock price of Apple, which is currently at $603,
will be spurred by the upcoming iPhone 5, the rumored Apple TV and smaller
iPad, and the deal between Apple and China Mobile. China Mobile is the biggest
mobile operator based in China. These factors will provide the momentum in the increase
of the stock price of Apple in the coming year.
However it
remains uncertain if the iPhone 5 will indeed become a revolutionary device while
the other factors remain uncertain for the moment.
The stock
price of Apple has increased recently following the release of the second
quarter earnings of the company. The increase was beyond the earlier estimates
at Wall Street. An increase of $49.72 was seen following the release of the report
although it went down by $4.70 or 0.77 percent after the market closed on
Friday.
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