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TheStreet Open House

When Will Apple Hit $1,000?

NEW YORK ( TheStreet) - Apple (AAPL) shares crossed $500 on Monday and the majority of investors don't expect the stock to double again for two to three years.

TheStreet asked readers when they thought Apple shares would double from here, hitting $1,000: 67.1% of the more than 3,000 poll participants said they expected Apple shares to double within the next or three years. Both the two- and three-year answers received exactly the same number of votes.

Just 2.7% of those who took the poll expected Apple to double in the next six months. Should Apple double in value, it would be worth nearly $1 trillion in market cap making it far and away the most valuable company in America. About 8.5% of the voters expect Apple will see the $1,000 mark in one year.

Apple will never see the $1,000 level said 21.7% of voters, perhaps because of stock-splits or an inability to increase its market cap to that level.

Apple shares were higher Tuesday, up 0.15% to $503.35.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to http://twitter.com/commodity_bull.

>To submit a news tip, send an email to: tips@thestreet.com Updated from 11:39 a.m. EST to provide executive comments regarding fourth quarter guidance in the second paragraph.

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