Apple has been flat for quite some time and the fundamentals of this big cap stock indicate that it could be primed for a run into the $1,000 range by late 2014.
There are several factors that could contribute to AAPL becoming a renowned growth stock as it has been known as in past years.
- People are underestimating the unit volume that developing nations could produce. The lower priced 5C and the higher end 5S are becoming big sellers in China.
- New products. We are all waiting on a break-through product and Tim Cook has lead on that there is going to be something significant coming this year.
- Mobile payments. Apple has the biggest database of credit cards in the world. They have the best fingerprint recognition technology in the world. 1 + 1 = 2.
- Apple TV. Won't take more than a few relationships and a roll out of a sound advertising platform to add several billion quarterly to their bottom line.
Can the Tim Cook era AAPL start putting the pressure on the shorts and those that are infamously "downing" the Apple brand.
Disclosure: I am long AAPL.