(Ping! Zine Web Tech Magazine) – As new Apple products make their way to shelves later this year, analysts predict that the company’s stock prices will reach $100 per share.
According to AppleInsider, RBC Capital Markets analyst, Amit Daryanani, says the increase will be due to confidence among investors and consumers who believe Apple’s newest devices will be very profitable.
The Cupertino based company is expected to release its rumored wearable device and iPhone 6 this fall, though the tech giant has not acknowledged any reports so far.
The iWatch is believed to launch alongside the iPhone 6 as a way to integrate it into the “company’s ecosystem by acting as a health monitoring system, and also increasing communication with other Apple devices.”
Daryanani did not announce how much he thinks the wearable will be priced at, though he believes the 5.5-inch iPhone 6 to start at $299 with a contract.