How High Can Apple Go? $600 a Share?

[qi:109] Bolstered by the news of upcoming movie rentals via iTunes, hot selling Macbooks and iPod Touches, Apple just blasted past the $200 a share. So where does it go next?

“There’s so much growth to look forward to for the iPhone,” said Stephen Coleman, chief investment officer at St. Louis-based Daedalus Capital LLC, which owns about $7 million of Apple shares. He projects the stock will hit $600 in 18 months. (via Bloomberg)

Seems like a case of too much egg nog! Or Not! This has been a good year for Apple believers – the stock is up a whopping 138%. In comparison, Google, the other stock market darling is up a mere 54%. But you already knew that!