YOU HEARD IT HERE FIRST: Apple's Going To $1,000 A Share!

People thought he was nuts at the time, but two years ago, on this web site, Piper analyst Gene Munster agreed that Apple stock could hit $1,000 a share.

With a new all-time intraday high of $495 a share today, it’s already halfway there.

A $1,000 share price, by the way, would make Apple worth almost a nice, cool trillion. And even today, it’s already worth more than Microsoft and Google combined.

So it seems a good time to revisit Gene’s fearless prediction. Let’s go to the videotape…


NOTE: We conducted this interview on January 15, 2010.

A chat with Gene Munster, Senior Research Analyst, Piper Jaffray (Disclosures)

Blodget: Yes, Apple Can Go To $1,000 A Share (6 min)

  • This is now “the decade of mobile,” and Apple can become the global smartphone leader
  • Yes, Apple can maintain its incredible growth rate, even though it’s huge
  • There’s an explosive growth opportunity for Apple as products reach lower price points
  • The app development platform is definitely favouring Apple
  • Apple won’t crack corporate America, but that’s not where the huge mobile money is
  • Gene cannot put a specific long-term price target on Apple, but it’s better positioned than any other hardware company to grow over the next 5 years

And don’t miss…

Is Apple Making The Same 1990s Mistake All Over Again? No Way, Says Gene Munster

Produced By: Kamelia Angelova & William Wei

More Video: Click HERE >

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