Apple fever ‘will tip share price to $1,000’

Already the world’s most valuable company, Apple will see its stock price reach $1,001 (€750) within 12 months, lifted by growth in China and the debut of a new television product, according to Topeka Capital Markets.

The new target is the highest among 45 analysts tracked by Bloomberg and represents a 62% increase on the current price. The gains will be fuelled by demand for the next iPhone, in addition to the expansion into China and the TV market, said Topeka’s Brian White.

“Apple fever is spreading like a wildfire around the world,” he said.