Shares of Apple Inc. are trading around $346 today, an 82 percent increase from a year ago.
How high can it go? If you believe today’s buzz, Apple’s stock price has ample room to grow.
Some are predicting as much as a cool grand per share. That’s right, $1,000.
I dunno. Seems kind of high to me. But then I once predicted eBay would never survive.
Here’s a sampling of the web talk.
SmartMoney: Could Apple Hit $1,000?
Tech Trader Daily: Apple: UBS Ups Target To $415, Ups Q4 Estimates
Business Insider: A 60-Second Guide To What Brokers Are Telling Their Clients This Morning
In normal times, it would be considered good news when a company reports quarterly earnings of $4.3 billion, smashing even the most optimistic expectations.
But not this week. This week surrealism rules.
After Apple Inc. released its quarterly financial statement on Monday, news stories on Tuesday were filled with talk of “disappointed investors” and anaylsts moaning that Apple didn’t sell as many iPads as the analysts had hoped.
I don’t get it. Is this bizarro world?
Once again Steve Jobs has proven he knows what geeks want. Lines were long at West Town Mall this morning as customers scrambled for the latest version of the iPhone. Some customers lined up yesterday.
Read KNS intern Hyung Chung’s fun story here.
Early reports from iPhone fans indicate the new version lives up to the hype. Lots of cool new apps.
But the best app is the smooth way the new phone separates customers from their money — again.
Come on! It’s just a phone! If you’re patient an updated version will be available for Christmas.
While you’re waiting, check out this CNN story about the Apple co-founder who isn’t a billionaire.