Selloff next week?

[Grieve]

I don't think you are too late. Multiple analysts have one year price targets over $800 now, and one has a target at $1111. That's his expectation for the stock price within the next year.

The iPhone 5 is going to be huge, especially in China, and if they launch iTV before the end of the year as well...I think $1000+ is very possible.

Last week a couple of people from my Shanghai team were over to visit. What do you think their priorities were outside of work hours? Exploring? Visit the tourist traps? A few beers? Nope...their number one priority was for me to take them to the local Apple store, where they loaded up on iPhones and iPads to take back for family and coworkers in China (yeah, they are cheaper here than in the place they are made - go figure).

20% of this most recent quarter's revenue came from China - 300% of what it was a year ago. And China Mobile, the biggest mobile operator in the world with 660 MILLION subscribers, doesn't even sell the iPhone yet. It almost certainly will sell the iPhone 5. If only 10% of those subscribers buy it, that's 66 million new subscribers...compared to 35 million iPhones sold around the whole world last quarter.

So...I think there is plenty of growth left, and I think $1000 is going to arrive sooner rather than later.

Remember, you can always take the low risk path and buy way out of the money call spreads. I bought another 9 Jan '13 $900/$910 spreads yesterday before the numbers came out. Total cost, $270 plus commission. Total potential payout, $9000. You can still buy them for $55 each now...