There’s no denying the market has been going crazy lately. Apple has not been immune to major fluctuation with their stock price having plummeted 40% this year. Some speculators and analysts were dismissing Apple as a good value and were writing it off as an investment.
As it stands right now, Apple’s stock price is near $189.96 , but it continues to inch closer and closer to it’s all-time high of $202.96.
Back in January of 2008, my personal prediction was that Apple will hit $200 again in 2008, possibly even higher with a new, unexpected product launch.
What do you guys think ? Will Apple’s stock hover around the high 100’s or will it break the $200 mark in 2008 ?
Sound off below.
14 Comments to “Will AAPL hit $200 in 08 ?”
it’ll hit 200 with a month.
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within a month
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Let’s hope you’re right.
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will hit 215 by September. IPhone 3G will hit, and penetrate corporate sales, and Mac Sales will continue to rise. Dollars will flow as fast as the new SDK options coming out for the IPhone.
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Well, September is still 3.5 months away. So, that’s a stretch in my opinion. However, an unexpected product launch COULD make this possible.
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Apple will hit 200 before WWDC, and if MacTablet is announced at WWDC it will reach 220 by fall, and 3G iPhone is successful and gets any advantage over RIMM, it may even reach 240 by Christmas. Don’t forget you heard it here first !!
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Hey Ashoka, we’ll be sure to look back here around WWDC and see if we were all right. For the sake of the share holders, let’s hope YOU are right !!!
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Yes.
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I am a stock-holder of Apple, and my prediction is that it will hit 200 within the next few weeks, and should be around 225 come wwdc, and 250 by the 3g iphone
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You know that the 3g iPhone should be released around WWDC this June right ? It would also be might serendipitous given the 1-year anniversary and all.
Are you saying that Apple’s stock price will be around 250 by WWDC ? Or that it will be around 225 by WWDC ?
Keep in mind that Apple’s stock doesn’t necessarily reflect based solely on the iPhone’s performance and revenue.
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Ummm… That’s only 5% more or so. It could do that in a week. But then again, I guess it could go down 5% in a week too…
$200 in 2008? This is an EXTREMELY conservative question to ask. I’m just glad they don’t have to report their current quarter results until after WWDC. They guided conservatively, obviously knowing they were almost out of iPhones and wouldn’t be getting any until the new one shows up. Hopefully the introduction of the new iPhone (along with an ever growing list of countries / carriers supporting it) will spike the stock, which should create a cushion for the drop that should be expected when results are reported. I’m not saying they won’t hit (or exceed) the numbers the guided, but the number of iPhones shipped in the current quarter will be rather low…
I think Apple is beyond smart for not shipping iPhones right now. They will avoid a long line of upset customers who bought the old iPhone a day or week before the new one came out.
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Apple will hit $275 before the close of business on 12/31/08. That’s a conservative guesstimate based on iPhone 2.0 ripping the cell phone market a new poop chute. Never mind Apple TV, continued Mac sales growth, and the new hardware His Steveness will announce in a couple of weeks. $200 is a joke, right? They’ll hit that by mid June, easily.
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I’ll say it again… For the sake of the shareholders, I really hope you’re right.
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Don’t forget Business Enterprises. If Apple can penetrate the business world with proper promotion and advertisement, it would not be surprising the Apple hit 300 or more b y the end of the year. It all depends on how Holy Steve convinces the business sector.
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