$960 per share would mean Apple pushing $1 trillion in market cap, a mind-blowing number. What's even more noteworthy is that as much as 20% of that value could potentially be in cash. Apple had $97.6 billion in cash at the end of 2011. The company's market cap was approximately 37% lower than where it stands today.
Apple is growing at such leaps and bounds, a price approaching $1,000 per share seems almost inevitable, as long as the company continues to execute on its plan.
and nearly two-thirds of the more than 3400 respondents believe Apple will hit $1,000 per share within the next or three years. Only 2.7% of respondents believe Apple will see $1,000 in the next six months, and 8.5% of those who voted expected Apple would hit the mark sometime this year.
One more thing (Steve Jobs reference) for Apple investors to consider. $960 per share doesn't take into account the oft-rumored
Apple television set.
Interested in more on Apple? See TheStreet Ratings' report card for
Check out our new tech blog,
. Follow TheStreet Tech
on your wireless devices
Written by Chris Ciaccia in New York
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to: