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It’s Monday, and that means with two days of rest from soothsaying and divination, it’s about time that the world got back to the serious business of making off-the-cuff financial predictions once again. According to Brian White, a financial analyst for Ticonderoga Securities and part-time fortune teller, Apple stock could reach as high as 0 per share this year, propped up by a wicked-hot product line that’s set to be an even greater success as the world draws closer to the upcoming holiday season. So confident is White in Apple’s ability to dazzle the purchasing public, that he’s declared the company will most likely overtake Exxon as the most valuable company in the world according to market value within the next 12 months.
In a memorandum sent out to investors, Ticonderoga Securities spent 85 pages explaining that Apple’s current line up is a perfect storm of products that will pretty much allow the Cupertino-based company to begin printing their own money in the upcoming year. White speculates that Apple will sell 7.1 million iPads their 2010 fiscal year, with sales increasing by 181 percent in 2011 to 19.9 million units. By the 2012 fiscal year, he sees Apple selling 25.8 million iPads.
“We believe the most coveted gift this holiday season will be the iPad. Clearly,” wrote White, “Apple is delivering experiences to consumers that were never thought possible, and in the process, reinventing our world. Additionally, the opportunity in the education, healthcare and enterprise markets remain meaningful, in our view.”
White went on to say that the sky is blue, water is wet and oxygen would carry on being essential to human life.
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