In a note to clients — as reported by “AppleInsider” (http://www.appleinsider.com) — Piper Jaffray analyst Gene Munster forecasts that Apple shares will reach US$1,000 in calendar year 2014. This would give the company a market capitalization of about a trillion dollars, making it the first company to hit this milestone.
For the March quarter, Munster sees Apple selling 33 million iPhones — a 10% increase from his previous prediction of 30 million. He also expects the iPad and Mac to sell extremely well. And Monster has long predicted the rumored Apple branded HDTV.
Yesterday Topeko Capital Markets analyst Brain White placed an $1,001 price target on Apple’s shares because “the ‘Apple story’ has a long way to play out over the coming years despite the company’s already dominate market position.” Apple is offering “an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds,” White said.
Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Tuesday, April 24, 2012 at 2:00 p.m. (Pacific).