SaxoTV

Can Apple's share price grow to 203 USD per share?

217 views
October 13, 2014 app, app developer, appapp, appetite, apple, apple china, apple china mobile, apple competition, apple deal, apple devices, apple direction, apple earnings, apple earnings per share, apple eco system, apple ios 8, apple ipad, apple iphone, apple launch, apple new strategy, apple news, apple phone, apple product launch, apple q1 earnings, apple results, apple revenue, apple sales, apple samsung patent, apple share price, apple share prices, apple shares, apple software, apple stock, apple store, apple strategy, apple trading, apple tradinga, apple v microsoft, application, applied materials, apps, equities, equity, equity market, equity markets, equity strategy, equity trading, morningstar, morningstar research, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotv, stock market, stock markets, stock trading, stocks, stocks markets, trade idea, trading, tradingfloor.com, undervalued, undervalued stock, undervalued stocks
Last week the American businessman and investor Carl Icahn took to Twitter saying he was sending an open letter to Apple CEO Tim Cook. In Icahn’s letter he argues that Apple stock is extremely undervalued. He outlines his projections, including estimates that the stock could be worth 203 USD per share; which would give a total valuation of 1.2 trillion dollars. 
Senior Equity Analyst from Morningstar Research, Brian Colello, responds to Carl Icahn's lofty valuation for Apple. Brian thinks that Apple can still gain share in the high end of the smartphone market. However projections in the Ichan letter seem overly optimistic and a $1.2 trillion valuation for the firm is too rosy according to Morningstar Research.