We’re avid users of Apple products at WolfBridge Financial. From the iPhone, to the iPad, to the iMac, to the new MacBook Pro with Retina display – our business functions efficiently with a great deal of everyday help from Apple. Our CEO, Michael Kothakota, even penned a blog recently titled Steve Jobs: A True American.
At some point we may look back at August 20, 2012 and see that as the exact date when we should have seriously considered the merit of Apple shares.
Why? Because Apple is now considered the most valuable company of all time with stock rising 1.8% to $664.74 and pushing it’s market capitalization to $623.14 Billion.
Just a few days ago Jefferies analyst Peter Misek claimed a new iPhone announcement, that should come in mid-September, would boost his price target to $900.
Some analysts are even going as far to say that that shares could reach $1,000 with the launch of the new Apple TV product.
Should I Temper my Apple Expectations?
While Apple shares have no apparent reason to head in a negative direction based on their current 5 year growth trajectory – there are always reasons for concern when purchasing shares at such a high price.
That being said, there was a point not too long ago when Apple was trading at $7 a share.
Go ahead and do the math on if you had $600 worth of shares at $7 per share. We’ll wait.
That’s right. Your $600 investment in Apple would now be worth $56,562.
Is the time right to purchase some Apple shares? Contact us and we can give you our two cents.