AAPL: How high will it go?
 

I bought some when it was $580 a month or two ago, artificially low due to anticipated release if the iPhone 5. Anyone see a stock split or $1,000 share price coming? I sure do :)

I still have some that I bought at $50 a share, but sadly, I unloaded most of it due to losses in other stocks, sigh.

It's a crapshoot. But I would bet high.

ex-cash, Apple trades for just 10.7x estimated 2013 profits.... if it could just get Starbucks valuation or heaven forbid Amazon!

Apple? Never make it. Like Michael Dell said in 1997: 'just close the doors and give the shareholders their money back.'

When they get their television strategy worked out, look out.

How did you like that dividend?

Apple is a great company that has a lot of hype.

That said, its share price is unlikely to double or significantly increase much more. How many people can buy the same one phone and the same one tablet. Doesn't anyone want to be unique?

Personally, I like beaten down stocks that have the ability to double, triple or even quadruple. In the tech sector, RIM (ticker: RIMM) the maker of Blackberry phones is down almost 95% from its peak. It has six new phones, a new operating system (BB10) and a new set of enterprise servers all coming out around January 2013. For under $7 per share, it is a steal with a market cap of around $4 billion.

RIM has:
(1) NO debt;
(2) has $2.2 billion in cash reserves!
(3) owns $2.5 billion in patents;
(4) 78 million BB users;
(5) owns its buildings/real estate; and
(6) a great enterprise server business.

Plus the stock market guru, the Warren Buffet of Canada, just bought a huge chunk of the company (10%, averaging down). I think it is a better buy than Apple even though the media is harsh on anything RIM.

It may just be that I am Canadian and everyone here is a Crackberry addict.....

2005 just called and wants its Crackberry back!

It's worked out. Stay tuned.

Some analysts say look to $1000-1100. I'd say it's still a 'buy.'

Of course, if you're into gambling, you can bottom-fish. But money is made on stocks headed up; not hitting bottom (RIM)

I have some I bought @ $13, but I sold a lot of it long ago.

If we're playing that game, I bought a ton of AAPL in '82 at $10.50 and sold it 6 months later at $61.50. In Spring '03 I had $60K in AAPL but decided iTunes wasn't a smart strategy and pulled out. Occasionally I calculate the cost of that move... just to keep myself humble.

I sold the last of my APPL tree 'bout a month or so ago....exchanging "fruit" for "dirt" (land purchase). I hope you guys are correct, and make a bundle, but I figured AAPL has had good run, and at some point the "rocketship" has to stall. Did the same with Google, RHAT, and a few others over the years...after a good run, I don't try to squeeze the last $ out a high-flyer. Apple is a great co. but it's diminishing returns when the market capitalization gets too high imo.

Everyone I know is gone/going from the BB fold as soon as the contract expires.

Every stock I buy without the Room Monkey's approval is a disaster. I bought a few shares of aapl. So beware. ;) And I bought McD's the same day back in the spring & look how well it's doing . . .

Note: The Room Monkey (yes, still living here) works for a CDN bank in their investor division & since he resides here my account undergoes extra scrutiny from their compliance people.

Ian

Many are projecting the iPhone 5.0 to be the biggest smartphone launch........ever.

I don't believe Apple will introduce an Apple-branded TV. After all, a TV is just a bunch of pixels. The real magic is the software and the content. An Apple TV box, hooked to any display will provide the same potential experience. Apple knows that. Heck, their displays are just tweaked Sharp or LG or whatever panels, anyway. They need to enhance their content offering, and blow everyone out of the water with the "experience". I do believe a super-duper box is on the way.

This makes me laugh. They are giving apple ipads to the monkeys/gorillas in the Toronto Ontario zoo. In the meantime I have my economy Dell laptop. Maybe that is what it takes to amuse a Toronto monkey. I am not that amused.

Apple going higher? Remember how popular the Blackberry was in N. America? I think Apple has reached a lofty height. I would not be a buyer at that price. Ask Warren Buffett! But it will likely go higher because I am not buying.

I don't understand why you are laughing? Are you saying Apple products are for monkeys and Dell products are for intelligent people?

Jury just ruled in Apple's favor in Apple vs Samsung patent case. Awarded Apple 1.05 Billion in damages. Shares up to $675 in after hours trading. I'm going to load up on some more. I see it going further north with the new iPhone 5 launch on (rumored) Sept 12 and the new iPad mini.

Extremely confused by this post.

Everyone my age (24) has grown up on Apple. I can only see the consumption of their products going up. All of my close friends from college have iPhones. Almost all of us have iPads. Blackberry was never engrained that way with the people who spend the most money on tech.

The times are indeed changing, but I do take exception to your last statement as it applied in "the corporate world" (which I have been out of 4 years now). I spent a career in IT (Fortune 500s), and over 25 years saw exactly one Apple product (a Mac), on my networks. Unix and Windoze for PCs/servers, and Crackberrys for smartphones had an absolute monopoly (probably still dominate), and we're talking some HUGE budgets here. I loaded "back" up on APPL the day the Iphones were announced back in '07...as I saw that one coming :). Good luck to you all, I hope it continues to skyrocket...