Why Apple is Still Headed to $200/Share

Total Wealth Staff May 02, 2016
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Apple Inc. (NasdaqGS:AAPL) took a beating last week, shedding more than 7% of its market cap as Carl Icahn made a bad selloff worse by unloading $700 million worth of stock. Here’s why individual investors shouldn’t follow Icahn’s example.

2 Responses to Why Apple is Still Headed to $200/Share

  1. Steve says:

    Keith, what will be the catalyst for Apple to go to $200 ? iPhone 7 — I am not sure. iCar — seems too far away.

    • Keith says:

      Good morning Steve.

      That’s a great question and one that I’ve spent a considerable amount of time thinking about. I’m not sure it’s any single catalyst but, rather, a group of catalysts. I believe that it will come from two areas – services and revenues related to data flow. Services are pretty straight forward because the incremental cost of that revenue is negligible but data flow is more nebulous. To me it’ll come when the market realizes that Apple data can be leveraged the way Facebook data is leveraged, for example.

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

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