‘Apple Fever’ Prompts Predictions of $1 Trillion Value
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Apple Inc. rose to a record after two analysts said the stock could surge past $1,000 a share, putting the maker of the iPhone on a path toward becoming the first $1 trillion U.S. company.
Apple, already the world’s most valuable company, climbed 1.7 percent to $629.32 in New York after analysts from Piper Jaffray Cos. and Topeka Capital Markets said demand for the iPhone and iPad, growth in China and the potential debut of a new television product would propel shares.