All signs point now to the Apple stock swinging back and higher than before by Q1 2014. Why? There are several reasons.
It has begun. The Apple stock is on its way back and big famous investors like Carl Icahn know it. Apple trades at close to $500 in pre-market trading already today, after a 5% jump yesterday. Yesterday the prominent investor revealed (on Twitter!) that he has bought a major stake in Apple. Bloomberg says it's a cool billion worth of stock. Icahn sees the Apple stock hit $625 just by buying back stock and not taking earning numbers into account.
So without selling a single iPhone, the Apple stock could already hit $625. Apple has kept everybody waiting a long time for new products. It is going to be almost a year until we get new iPhones and iPads.
It is very likely that Apple will sell a ton of the new iPhone 5S, iPhone 5C, iPad 5 and iPad mini 2 this fall. After this long wait every Apple fan is eager to get their hands on something new. The new lower-cost iPhone 5C is the dark horse. It could turn out to be a major seller, not just in pre-paid dominated markets. It could become a life-style item for college kids and young adults.
I am predicting a huge record quarter for Apple this fall driving the stock to the once predicted magical $1,000 mark.
Disclaimer: I own Apple Stock, but its not a cool billion.
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.— Carl Icahn (@Carl_C_Icahn) August 13, 2013