Apple Doubling Again in 2007?

I first posted this chart on April 1 this year:

It showed that since 2003, Apple, Inc. (AAPL) shares has been doubling every year. I visited it again, on May 31, with a Seeking Alpha article, when AAPL's market cap topped $100 billion.

Yesterday, AAPL made a new all-time high of $157.41, with a newly raised target of $175! If someone had invested $10,000 and bought 1,000 shares of AAPL in 2003, and had held on to it until today, he/she would be holding about $157,000 from that original investment! That's a 1470% increase!!

AAPL is only a blink-of-an-eye away from $160. Doubling again in 2007 for these AAPL shares doesn't seem too far a target at all now!

Comments

[Jon T:]

The Tipping Point is still a way off.

The power of OSX and the disaster of Vista, makes it a sure thing for me.

Double again after the next double is possible then.

2007 Oct 02 08:09 AM

[Tom B:]

MSFT still has something like 94% of the computer market; when Apple's share exceeds 20%, I'll start to track the price daily. At that point, the World will be theirs to lose (if they screw up). When you see Enterprise capitulate and give up waiting for Windows to achieve 21st century capabilities-- they'll do it all at once-- group think--then you'll see Apple really take off.

2007 Oct 02 10:03 AM

[Stefan Wyler:]

Which means we will see $320 in 2008? Unlikely. Stock growth will slow down over the next five years, they will still climb a lot though.

2007 Oct 02 09:11 AM

[Werlingdervish:]

No, The tipping point is now. Heavy iPhone/Mac traffic is in the stores, not to mention a quarterly report with huge profits within two weeks. The Christmas promotion of Leopard on the new dazzling iMacs is coming up shortly (many copies of Leopard are already preordered of older Macs) and "one more thing" likely is to be announced by the end of the year (a slim MacBook or maybe even a Mac tablet. by January 10th). There is a reason why all Apple employees are being asked not to take vacation during the upcoming Holiday Season. The time IS now.

2007 Oct 02 09:23 AM

[Rand:]

I bought 2k shares weeks after Steve returned for $14 pre-split. Roughly $310k now, and still growing...

2007 Oct 02 10:18 AM

[Dusk:]

Well, don't you know then have 4000 shares? Worth $640,000?

2007 Oct 02 01:17 PM

[innhitman:]

Your mistake makes your statement seem false.

No one would forget the had 4000 shares instead of 2000. Especially since the value differential is so great.

Also, everyone swears they held through the swings without taking any profit off the table. Just not likely with such a huge upswing.

2007 Oct 02 09:04 PM

[Dusk:]

Uh, Andy got one thing wrong. The person who invested in 1000 shares in 2003 would now have 2000 shares (after a split a few years ago) and would now have double what he wrote or $314,000 now--or $320,000 when Apple hits 160.

2007 Oct 02 12:01 PM

[Werlingdervish:]

Uh, by accident, I sold my last 45 shares (22.5 original shares) of Apple purchased for $8.95 on 5/30/2003 a couple of weeks ago for $143.67 a share or a 16.05 fold increase, so go figure. Gain was $6053 on a investment of $403 dollars. Since I have lots of capital gains on my other Apple share lots I found it best to hold old shares for gifts to charity since one's cost basis is $403 and your charitable gift is worth $5600 and the charity takes on the full gain if you simply transfer the stock and not sell it first. This makes a nice deduction to gains on more recent shares sold for personal use. That is why I regret accidently selling the shares--because good capitalists are so favored by our tax code.

PS. Sorry that missed the technical definition of tipping point. I meant that we only now tipping toward a rush toward the Mac platform expressed here and many places. There may be some corrections based on the larger economy, but investing in Apple for the long run is gold. Microsoft overturned IBM. Right now Apple is in the critical first stages of overturning Microsoft. Vista and MS are the beached whales on the shoreline of the New Web 2 world dying in the surf of Apple's timely innovations and marketing skills. Gee, I'm a poet.

2007 Oct 03 11:07 AM