Forbes: China growth will propel AAPL shares to $547 in the next nine months

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If you remember the blogpost describing the iPhone as the most desireable phone in China. That desire will have an impact on $AAPL according to Forbes.

A post from The Unofficial Apple Weblog (TUAW) by Michael Grothaus has the whole story. Here is a part:

Eric Jackson at Forbes has written a piece with some astounding numbers about Apple's business in China. Most impressively, Jackson thinks because of Apple's China business Apple shares will hit $547 per share by January 2012, only nine months away. That's an impressive upswing from AAPL's closing price of $348.51 yesterday.
Jackson opines that Apple's four current Chinese Apple stores bring in US$1.3 billion per year, per store. With Apple set to open as many as 25 retail stores in China, and the Chinese "gaga for Apple," that means Apple's Chinese retail stores alone could draw in another US$32bn a year for the company. That's not counting iPhone sales through carrier stores, Apple's online China store, or Cybermart, Apple's largest third-party retailer (owned by Foxconn). Cybermart has only 34 retail outlets today, but it's planning on building up to 500 locations in the future, each with its own special Apple Shop within the store (much like Best Buy's Apple Shop store-within-a-stores).

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