APPLE CAN HIT $1,000 IN 2013 IF TIM COOK FOLLOWS STEVE JOBS’ FORMULA $AAPL
When I recommended Apple(AAPL) at $131, I stated that a $1,000 very long-term target was possible. In recent months, however, my models have been steadily reducing the probability of Apple reaching that $1,000 target. The last probability I published was 53%.
Over the past month, I was in Asia, and wrote about the wide use of non-Apple products. (See, ‘Trip To Asia Shows How Apple’s Vaunted Ecosystem Doesn’t Save It From Competition.’) As the information from the Asia trip is incorporated in the model, the probability of reaching $1,000 target will go down further, but there is one potential salvation, if Tim Cook is able to follow Steve Job’s formula for running the company, Apple stock at $1,000 in 2013 is possible.… Please click here or the title below to read more.
