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Brian White of Topeka Capital Markets makes his case for why Apple stock will hit $1001 per share soon.
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But when someone makes a very noticeable prediction on a stock like apple we have to talk to it so joining accompanied by -- is Brian -- he is with Topeka capital.
Brian welcome you said that apple will go to 1001.
Dollars fairly soon.
You've got thirty seconds to make your case why.
So you know we're looking at a PE of about seventeen times to get that rate target I think it's very reasonable stock is that ten times right now.
They've -- EPS 86%.
A year for the past seven years.
I think the momentum will continue and there's three big things were looking forward to a new apple TV a full blown TV over the next year.
Their relationship with China Mobile that has twice the population of the US sister subscriber base in the iPhone -- that comes out of the.
All right Brian welcome of the show you've just broken all the rules.
We that we -- -- -- EP SP -- don't know anything about that based on dramatic trying to translate yet -- saying.
That's apple is gonna make so much money.
Over and above what it makes already that it can justify a thousand dollars a -- it's all about the profits that apple is going to -- that's what you science.
I think a profit growth will continue to be very attractive.
That we're looking for 61% growth this year.
61%.
Growth this year okay at a thousand dollars a shaft that would leave apple would want a 15200.
300 billion dollars in cash right.
I think by the end -- they have 98 billion today and I think by the end of fiscal fourteen.
They'll have a 191.
Billion in cash -- their new -- I'm almost out of time but -- thousand dollars push in what timeframe.
I think it's gonna happen over the next year I think we'll look back and laugh at the trillion dollars is that going to be much higher.
Fall Brian -- that was some appearance we don't have analysts on very often with every -- you.
Thanks so much -- -- Brian we appreciate you being with.
