A survey result was released this morning by Piper Jafray’s analyst, Gene Munster detailing what he believes will happen with Apple’s stock. He says that this survey is a recent poll of 400 consumers who are native to New York, Minnesota, China, and South Korea. The results seem to indicate that the iPhone, which has made Apple Inc. (NASDAQ:AAPL) a very lucrative investment, will “take share over the next few years.”
The analyst currently projects a $910 stock price, and tells us that according to the survey, 52% of the consumers already own an iPhone, while 65% said that their next device will be an iPhone. This is a stark contrast to the meager 19%, who chos to buy a Google Inc (NASDAQ:GOOG) Android device.
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He said that while the survey indicates approximately a “13ppts change in market share”, it must be adjusted for the favoritism already shown by iPhone owners. This accounts for his projection of a 5 to 10 point growth in the share.
Munster further predicts, that Apple Inc. (NASDAQ:AAPL) will grow from the being in the low 20% range of total smartphone shares, to rising into the low 30% range by 2015. This would indicate that the shares are a solid investment over the next few years.
Munster shared his beliefs that these numbers “guarantee” iPhone sales when the new iPhone 5 comes out later this year. If this is the case, then the report we posted yesterday on “Is An Apple In The Hand Worth 2 In The Tree” could definitely ring true for some investors.
If this stock does continue to soar, investors who now hold the shares in Apple will see great returns on those shares in the future. In the soft economy, in which we live, it’s nice to know that at least one American icon in the technology field is doing well.
At the time of this writing, Apple Inc. (NASDAQ:AAPL) stock is currently at $606 per share, and while I do not currently own any Apple stock, I am very seriously considering the investment. After all, “An apple in the hand, is worth 2 in the tree”.