Apple share price looks to rise well above $400


Apple share prceApple’s share price is predicted to rise beyond the $400 level on the back of the success of the iPad, buoyant sales of the Mac and the continued popularity of the iPhone.

UBS Securities’ Maynard Um became the latest analyst to up Apple’s target share price ahead of next week’s report for the first quarter of fiscal year 2011.

Seems like Apple can’t do much wrong as far as the financial analysts are concerned. However, the big question long-term remains what will happen if Steve Jobs retires? His health has been a concern ever since his enforced sabbatical following his liver transplant a while back. How would his departure affect the company and who would become the driving force behind it’s creative output? For the time being though, it looks like he is going to be around for a while yet and so it’s almost certain that’s it’s share price will continue to rise. Shame I can’t afford to buy any!


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