If current trends continue, it is not inconceivable for AAPL to be worth over $150 per share by the end of 2014. Since June 6th, when Apple’s 7:1 AAPL stock split occurred, the stock has risen 1.37% every day for the past 80 days for a 10% increase in value from $92.22 to $101.54 per share. If AAPL growth continues at this rate for the next 128 days, on December 31, 2014 AAPL will be worth $178.88 per share.
While stock valuations do not follow a linear path and are effected by sales figures, margin, competition and international politics, it is interesting to note the growth path of AAPL since the stock split on June 6th. This is certainly a much different climate than before the split when AAPL seemed stuck between $500-550 share.
Apple's stock growth now seems propelled by iWatch rumors flaring up once more. The latest rumor comes from re/code's John Paczkowski stating the mystery device will make it's debut September 9 along side new iPhones. Whether or not a new category-type device arrives on or after an iPhone refresh in early September, new product announcements are just around the corner which has almost always given Apple's stock a boost. While the DOW and NASDAQ are both down today, AAPL is again heading north, a trend that may hold through that end of the year.
- Special Event in March?
- Will Apple Ever Update its Mac Hardware?
- Apple: Free market excellence or something else?
- Elon Musk's Truth About Apple
- Should Apple make a CloudBook for the Educational Market?
- Minor Improvements to OS X Spotlight Would Make a Major Difference
- Is DuckDuckGo set for an Apple buy-out?
- Is 2016 The Year For Apple Watch Success?
- How Apple can take advantage of Traditional Network Television's decline
- Happy New Year!