We usually don’t get into the business of predicting stock movement, but we thought Apple’s stock price prospect would be of interest to our readers, especially in this economy.

We think Apple’s stock is probably poised for a good 15% to 25% as we move towards June when Apple is widely expected to release the iPhone 3.0 OS. Here are some reasons:

  • RIM’s posted a strong quarter last week, beating analyst estimates. Compared to same quarter last year, revenue rose a whopping 84% to $3.46 billion. This is strong evidence that the smartphone market is growing strong even in this economy, and Apple is well-positioned to capture a lot of this growth.
  • Apple is widely expected to release new hardware in June along with its new OS. Although it’s not clear yet what Apple has in its back pocket, any sort of hardware upgrade will likely light fire on a already very hot product.
  • Analyst from Barclay’s Capital reported earlier this week that Apple has doubled its iPhone production order in Asia. This further indicates that Apple expects sales to increase.
  • There is a possibility that Steve Jobs will surprise all of us in June. Although investors are getting comfortable with the idea of a Jobs-less Apple by now, Jobs return will surely make the stock jump.

In fact, Apple’s stock has already jumped close to 9% in the last week when NASDAQ has only gone up 2.5%.

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        The only big unknown in our observation is how sales of other Apple products have been affected by the economy.

        Take our word with a grain of salt, but we think Apple going over $130 by June and we expect Apple to exceed estimates at their next earnings release.

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