Despite Apple’s recent slide in the market, one analyst believes the company’s consistent earnings will force the stock price up to $2,000 by the end of 2015. The claim comes from independent analyst Andy M. Zaky, whose estimates over the past four years have been considerably more accurate than the average Wall Street analyst, according to Fortune. Unlike most analysts, Zaky has projected the Cupertino-company’s growth over a number of years, rather than for relevant quarters. Apple is roughly trading at 14 times its current earnings, if that trend were to continue until the fourth quarter of 2015, the company’s individual shares will have risen to $2,000, Zaky claims.
“I’m fairly confident about these numbers,” Zaky said. The analyst projects Apple will ship 55 million iPhones in the first quarter of 2013, 80 million in the first quarter of 2014 and 110 million a year later in the first quarter of 2015.
“2014 is the golden age of Apple and the peak growth year,” he said. “After 2015, growth will stall and Apple will become a mature company — at least for this era.” Zaky believes Apple will need to come up with new innovation in the years following 2015 to continue its growth and enter into another golden age.