Apple Inc. (AAPL): Stock Has Plenty Of Room To Run

The Great Unifier

I love gadgets – for what they do for both my portfolio and my life – but what I’ve really been waiting for is a personal tech ecosystem in my home. And Apple has revealed a series of initiatives that will help create that ecosystem.

Apple will soon be uniting laptops, wearables, mobile devices, and home automation – a holistic approach known as “Unified Computing.”

And this is just one of the reasons why I’m sticking by my prediction that Apple stock, within three years, will rise to $1,000 a share on a split-adjusted basis.

Let me explain exactly why Apple’s recent initiatives are so brilliant…

Unified computing is a system in which all the computers, software, handhelds, and other devices in a given network communicate seamlessly with each other. I’ve been following this field for many years now, and Apple’s recent initiatives are the closest thing yet to making unified computing a reality in our homes.

Large organizations have been working on unified computing for decades.

The Pentagon, for example, has pushed for unified computing and communications for a very simple reason. Leaders of the U.S. military, the most tech-centric in the world, have an idea they call a “system of systems” – a technology-driven “force multiplier” that turns each of our soldiers and sailors into the equivalent of several enemy combatants.

You accomplish that by having ground computers connect to satellites that, in turn, talk to tank commanders that view video captured directly from soldiers’ night vision goggles. All that info can then be coordinated with fighter jets and combat ships.

As you might imagine, getting all these various information nodes to communicate with each other in real time still needs some refining.

The corporate world got into the act back in 2009 when Cisco Systems Inc. (Nasdaq: CSCO) announced its very own Unified Computing System. The tech leader’s platform greatly helped big organizations’ computers and devices work better together on the same network.

Several other big-cap firms joined the initiative, most notably Microsoft Corp. (Nasdaq: MSFT) and data storage leader EMC Corp. (NYSE: EMC). Not to be outdone, Hewlett-Packard Co.(NYSE: HPQ) also debuted a series of unified-computing products.

While these were important developments, these giant firms were making the IT departments of large corporate organizations run more efficiently. These initiatives simply weren’t concerned with making our home lives simpler and more organized.

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