• The iPad launch in March
• New iPhones in June
Elmer-DeWitt reports, “Huberty offers her usual three scenarios — bull (with three possibilities), base and bear — but leans heavily toward the bull, describing three paths to share prices as much as 115% above Apple’s closing price Thursday of $202 per share.”
Huberty’s scenarios for AAPL share price by 2012:
• Bull 1: $435 per share
• Bull 2: $358 per share
• Bull 3: $325 per share
• Base: $250 per share
• Bear: $180 per share
Full article here.
Apple stock doesn’t seem to be going anywhere. No matter how many iPhones they sell, no matter how much reserve cash they pile on, no matter what the P/E, the stock just sits at around $200. It seems like a solid $200, but $200 nonetheless. I guess it was pre-iPad talk that boosted the stock to $215, but the stock then slipped back down either due to iPad excitement had died down or the DJIA had started to slip. Apple share prices are not going to move any higher as long as the DJIA stays around 10,000. The market needs to move to at least 11,000 to see any decent rise in Apple shares.