Apple will hit $1,650 by 2015, analyst says

Eric Jackson, Ironfire Capital founder, explains why he is bullish on Apple and discusses the company's core products in development.

By msnbc.com staff

Apple?s share price rose 1 percent to $587 Monday as the technology company kicked off its annual conference for software developers, where it is expected to preview new software and show off new versions of its Mac computers.

Eric Jackson, founder of Ironfire Capital, appeared on CNBC Monday to explain why he is bullish on Apple and why he expects the company?s stock price to go to $1,650 before the end of 2015.

Jackson said there are three things that will drive Apple?s share price to the $1,650 level: iPhones, iPads and Apple TV -- a new product that Jackson says will cause ?revolutionary change? that he expects to be introduced by the beginning of next year.

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