Apple Shares Heading for $1,000
Apple fever is spreading like wildfire around the world." That's according to one American tech analyst, who's predicted the company's share price will hit the one thousand dollar mark within the next 12 months.
Apple's shares shot up by 50 percent to 600 dollars between January and March this year, thanks in part to the launch of the new iPad last month. Brian White from Topeka Capital Markets calls Apple a "brand that can touch the souls of consumers".
The iPhone maker recently announced its first dividend payout in 17 years, and is sitting on a cash pile of almost 100 billion dollars. With the iPhone 5 expected in June, and an Apple Television said to be in the works, the future is still looking bright for this innovative technology giant.