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Apple Stock to Hit $1,000? Steve Wozniak Believes So
CNBC.com | March 01, 2012 | 07:28 AM EST

Apple's stock price has the potential to hit $1,000 as the company has a tremendous amount of growth ahead of it due to the integrated nature of its products and services, Steve Wozniak , Apple co-founder, told CNBC in an exclusive interview on Thursday.

Apple shares closed at $542.44 on Wednesday, up 1.31 percent. They are up more than 55 percent over the past year.

"You know, people talk about $1,000 stock price... you know, at first you want to doubt it but I actually believe that and I don't really follow stock markets," Wozniak said.

He said that Apple's retail store, iTunes, iPhone, iPad and computer making divisions were "a lot of companies into one," adding that "every one [company] is so excellent."

Some analysts have said that, with Apple joining the select club of companies whose market value exceeded $500 billion, the only way is down as there is no more room for it to grow.

But Apple's business has a lot of upside potential, according to Wozniak.

"Apple is on such a winning course because it's encapsulated all of its different big products that I mentioned, they all work together so well that you are in a course that if you buy a product from another company it doesn't really do as much as one from Apple does. So Apple has a large room for growth," he said.

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