Market Currents
"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K...
-
Tuesday, April 3, 2012, 8:41 AM ET"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K price target call on Apple (AAPL) by 2014 implies a $1T valuation. Half will come out of the hides of the firm's "most relevant" competitors as Apple takes market share and the other half from increased investment in tech companies, of which Apple should continue to get a sizable chunk. Shares +1.3% premarket.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 12 comments:
Given Apple hitting new highs today and up almost $250 in 2012, Gene Muster appears to know his stuff. Unlike Zabitsky who is famous for calling for a sell and a $270 price target.
earnings are going up and up..new global markets and enterprise market create a whole new market for a best in class product..
Can the stock go to $500? of course...but betting on that??
good luck...
If i had a $1 for every AAPL "bubble will burst " article ...
oh wait.................I do!! Lots of 'em
Its my 30 years investing experience that while analysts provide you valuable insight and analysis but they are also susceptible to influences and unnecessary exuberance's. Consider that everyone thinks that China and Emerging Markets will be the next driver for Apple growth. Yet majority of us believing in the analogy have not visited these markets.
It's not just valuation that has to increase $400b its the sales that will make it reasonable, and unless Apple has new products which will sell as many units as its existing lineup.... what was it, something like every Apple fan has to spend a couple of grand PER YEAR - on Apple products to provide that kinds of growth...
Meh, maybe I'm just bad at math, but the only bullishness I have on AAPL is in its dividend..
The Law refers to repeated events, a statistics term. Ex. flip a coin 3 times, whats the odds of determining the number of times a head comes up and the error? (very high) After a 1000+ flips the error moves to near zero and the odds move to a firm number, ie 50%
That's the Law of Large Numbers. I think many are actually trying to imply market saturation, in other words, almost everyone that can afford to buy Apple stock have.. no more money left to pump the stock... ha! Impossible in a FIAT monetary system. Apples ceiling is unknown since there is no other company it can be compared to.