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Forbes: Rapid Retail Sales Growth In China Could Propel Apple Shares Skyward

According to Eric Jackson at Forbes, an expected boom in Apple’s business in China could be a driving force that propels Apple’s shares (AAPL) to $547 per share by next January. That’s an expectation of shares increasing by around $200 on yesterdays close of trade price of $348.51 and in just nine months.

Jackson bases his expectations on the expansion of Apple’s retail stores, which currently bring in US$1.3 billion per year per store in China, with four currently in existence. Numbers floating around suggest that up to 25 stores could be opened up by Apple in China, where Jackson says consumers are going “gaga for Apple”, and rake in an extra US$32 billion. Such projected figures don’t even take into account third-party sales of Apple products from carrier stores or Cybermart – which is the largest third-party retailer of Apple products in the world.

Jackson and others thus consequently believe that it is well within possibility that Apple could see 50% sales growth in 2011, driven by the growth in China, and reach revenue of around $114 billion and “assuming the same trailing 20x P/E” Apple shares would be reach a value of $547 per share. does not provide investment advice; consult an expert before buying or selling equities.

[Via Forbes]


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