April 27, 2012 timestencreative

Apple’s Stock To Double

Apple’s stocks are currently selling for a stunning $607.70 per share, but experts are predicting this number to almost double by this same time next year.

A note sent out to investors from Brian J. White, a Topeka Capital Markets analyst, is forecasting shares to reach $1,111.00 over the next year.

“We believe the negative vibes that have held back the stock over the past couple of weeks will now be replaced with the fear of missing the next leg up in the stock price,” White said.

The prediction was made based on rumored plans for future Apple products like the newest version of the iPhone, the highly speculated TV set, a mini iPad and other not-so-secret plans that tend to “leak” themselves to the media.

While $1,111.00 seems like a huge jump from the now $607.00 per share, could it be that we’re already seeing some stock market foreshadowing with Apple’s jump earlier this week after the company announced its second quarter results?

Time will certainly tell.

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