Apple Stock to Reach $1000 in 2 Years

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Apple Inc’s U.S. market share has been one of the major key driver of the company’s success despite competitive market led by Samsung Electronics. Although Samsung is showing positive growth in the U.S. market share but its gains as compared to Apple Inc are still lagging behind.

NPD has reported that in the U.S, iPhone ownership has increased to almost 42% in the fourth quarter of 2013. It has shown a significant improvement of 35 percent as compared to same period of 2012. Apple Inc showed a 7 percentage points gain compared to Samsung’s growth of 4 percent in the same period.

LG is the only other smart phone maker to display market share gain on a year over year basis in the U.S. NPD reported that other top manufacturers displayed a decline in market share based.

As per ComScore Apple Inc in December had a 40.6 percent share. Samsung was second at 24.1 percent in the U.S. smartphone market.

Research firm CIRP in a report revealed that Apple’s iPhone 5S sales has achieved largest share in sales in the U.S. market.

CIRP in Jan, 14 reported that iPhone 5S alone comprised 59% share of iPhone sales in last quarter of 2013. Apple iPhone 5C comprised sales of 27% while the iPhone 4S had sales of 14 percent.

While Apple Inc eyes on few “big plans” in 2014, analysts speculates its stock to touch $1000 threshold after hitting mark of $705 in September 2012.

Michael Robinson, Money Morning analyst however believes that Apple Inc will achieve the mark of $1000 per share in next two years. It is pertinent to mention that previously some analysts have predicted that Apple may hit $1000 mark by the end of 2014.

Mr Robinson said thatApple Inc iPhones will penetrate in China to grow its market share. After introducing the new iPhones , Apple will then push Mac Books, iPads, Mac Pros, Apple TV, and iTunes in Chinese market.

Apple Inc began the year with high note and opened a new official store on Tmall, which is a online marketplace owned by Chinese popular e-commerce company Alibaba.

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