Friday, November 16, 2007 at 10:07 AM | Posted by kazouz
I haven’t updated the iBall section in quite some time due to a busier than normal schedule, and I apologize. It’s time to get back into it and talk about one of my favorite Apple topics, the stock price. Aside from doing my day-to-day tasks, I am guilty of being somewhat addicted to the stock market and its trends. Long-time readers of LOOPRumors will know that I have made several stock predictions that have all been quite accurate. I have owned and followed Apple stock since the early 90’s.
Today I will make yet another prediction.
I believe that Apple’s stock will break $200 per share at the Q1 earnings call, and I’ll explain why. For the first time in Apple’s history, the company has its entire product line updated prior to the Holiday shopping season, which is traditionally the best time of year for the computer maker. iPhones are now available in Europe and off to an amazing start with higher than expected consumer demand. Apple is touting Leopard with new ads that appeal to Vista users’ frustrations, and the OS is rock solid with sales more than doubling that of its predecessor, Tiger. Add a completely new line of iPods, the iPod touch, new nanos, iLife ‘08, new iMacs flying off the shelves, and ‘who knows what’ in January.
In the early 90’s, Apple was laughed at and ‘dead’ by most standards. Today, Apple is trendy. The Cupertino computer…er…electronics maker is poised to soar in the next quarter. While you can listen to Jim Cramer or any of the other guys on TV talking about stocks, this is the only company I am passionate about and follow so closely. There’s no science here, just common sense and logic.
My recommendation to all of my fellow Apple fans is to buy the stock at this reduced price. The entire market, including Google is down. Buy now and thank me in January.