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NEW YORK (
Apple(AAPL - Get Report) shares
crossed $500 on Monday and the majority of investors don't expect the stock to double again for two to three years.
TheStreetasked 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.
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Written by Chris Ciaccia in New York
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email@example.comUpdated from 11:39 a.m. EST to provide executive comments regarding fourth quarter guidance in the second paragraph.