Apple’s stock price has soared to astronomical heights over the last 18 months. Yesterday Apple stock closed at another record high and the company become more valuable than the GDP of Poland. But how high can Apple’s stock keep climbing? Well according to Apple’s co-Founder, Steve Wozniak, Apple stock will continue to soar for quite sometime.
Woz proclaimed that he firmly believes Apple’s stock price has the potential to hit $1,000 per share. Woz’s view is that Apple isn’t just one big company, but it’s actually become a bunch of big companies rolled into one because of its strong products like iTunes, OS X, iPhones, iPads, Macs, etc.
When asked about Apple’s stock price by CNBC’s Brian Sullivan, Woz said,
“You know, people talk about $1,000 stock price. At first you want to doubt it but I actually believe that, and I don’t really follow stock markets. Apple is on such a winning course because it’s encapsulated all of its different big products that I mentioned, they all work together so well that you are in a course that if you buy a product from another company it doesn’t really do as much as one from Apple does. So Apple has a large room for growth.”
Apple’s share price reached $542.44 at the end of trading on Wednesday and many analyst believe the stock will continue to climb thanks in large part to the iPad 3. Another major factor that could contribute to Apple’s soaring stock price is their potential of making a great television, which Woz thinks the company will eventually do.
“Apple has that much growth left because we’re talking something like Apple TV that works with all these other great, great companies and products all in the same sphere,” Wozniak explained.
Apple’s stock performance has been phenomenal over the last few years, and we think it still has a lot of room to grow, but what do you think? How high will Apple’s stock price climb? Let us hear it in the comments.