Apple Stock to Hit $1,000? Steve Wozniak Believes So

How much changes in six months. Last September, everyone, including the hotdog vendor, the shoeshine boy and the kitchen sink, was screaming that AAPL $1000 is just around the corner, and cartoon analysts named for state capitals were coming up with idiotic price targets (hint: $1111) that only intellectually-stunted dyslexics could love. Six months later, the former growth company (and now levered-divdend value play) can barely break above $300.

Apple's co-founder told CNBC today he thinks Apple has lots of growth left.

The device was famously designed and built in a garage by Steve Jobs and Steve Wozniak in 1976.

By Jae Jun: Quick Summary Apple (AAPL) is a solid company displaying continuous high growth. Even though the stock has hit $700, the fundamentals are strong and there is still a potential 40% upside remaining. Expectations of Apple

Rumors are floating around the social media circles regarding a potential stock split for Apple. A split from such a high prices only has one distinct advantage that I can think of. It gives those with smaller retail accounts the opportunity to to buy more shares.

I see many pundits on CNBC commenting on Apple. I believe they are ALL wrong! To begin with, nearly all of them are coming up with revaluations after the fact - which is simply too late and lacks credibility. Second, Apple has someserious steps to take if it is to get back into the mobile computing race.

By George Kesarios:As reported on Friday, Jefferies said Apple (AAPL) component suppliers have received order cuts over the past two days due to what it believes is Q4 inventory being worked through.

A rare surviving first model of the Apple computer -- a stripped down, clunky device that bears no resemblance to today's sleek gadgets -- sold for $374,000 at auction in New York on Friday.The price was more than double the pre-sale estimate, reflecting a two-way bidding war eventually won by an anonymous telephone bidder, Sotheby's said.The Apple I computer was created by Apple co-founders Steve Wozniak and Steve Jobs and sold in 1976 at the birth of Jobs's career as the world's computer design guru.