NEW YORK (
(AAPL - Get Report)
crossed $500 on Monday
and the majority of investors don't expect the stock to double again for two to three years.
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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Updated from 11:39 a.m. EST to provide executive comments regarding fourth quarter guidance in the second paragraph.