Apple stock is on its way to hitting US$1000 per share, with a steady increase in trading over the next three years according to Piper Jaffrey analyst Gene Munster, who points to a number of imminent product launches from the tech company that will ensure continued success.
In addition to predictions of US$1000 stock shares (currently trading at US$565.32), Munster also outlines what he believes is a likely timeline for Apple’s new releases in the coming years.
New Macs and iPhone 5
Munster projects that Apple will release ‘meaningful updates’ to its iPhone and Mac models, as well as a new TV tipped for a 2013 launch, according to a report by Forbes.
Apple is also reportedly planning new retina-enabled Macs, Ivy Bridge processors and possibly a smaller iPad model coming in early 2013.
Among Munster other claims is that the iPhone 5 will be “the biggest consumer electronics launch of 2012,” with a “completely redesigned” body style , featuring a back component with “metallic rear panel of the current iPad.” Munster also notes that the screen is 60 percent likely to be four inches, or longer.
New Apple TV
Forbes relays Munster’s thoughts on a new Apple TV, noting that the anaylyst expects the product will ship December 2013, priced between US$1,500 – US$2,000. He also says the screen will measure around the 42in to 55in.
Munster supports theories of the iPhone/iPad as a remote control for the device, and would like to see Siri included in the design, too. If all goes according to plan. Munster projects that Apple will corner 10 percent of the TV market, within three years of release.
WHat do you think of Munsert’s analysis? Does it sound likely that Apple will follow a similar schedule? And, if so, will this tip stock prices up as far as US$1000 per share? Let us know your thoughts in the comments below.