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As much as I love to research tech investments and share my finds with you, I also get a charge out of trying out all the new gadgets that come out every year.
After doing some heavy research, I know this newest iDevice is destined to be much more than just another gadget.
However, it's not the watch itself that demonstrates why Apple Inc. (Nasdaq: AAPL) may be the best tech company – and investment – on Earth. It's the way I was able to make that purchase that proves to me the Silicon Valley legend's long record of success is far from over.
I was headed to an appearance on CNBC. And while my driver may have been battling heavy traffic on the San Francisco-Oakland Bay Bridge, I was able to peacefully use my iPad to buy the watch through the online Apple Store – with absolutely no hiccups or other snafus.
So you know that I hopped online and bought an Apple Watch the minute they were available for preorder.
To me, this confirms what I've long been saying: Apple no longer sells products – the company sells an entire tech ecosystem. It sells itself.
After coming to this realization, I updated my prediction on where Apple's stock is headed from here. It's not too late to buy in or add to your position.
Today, I want to share that prediction with you – and show you how the Apple Watch will help us get there…
The Long Game
Since October 30, 2013, I've been predicting Apple's stock price will rise to a split-adjusted price of $1,000 a share by Labor Day 2016.
Opening this morning at $128.10, the stock only needs to gain 11.5% to reach my post-split prediction price of $142.85. But after seeing the company's smartwatch and mentally placing it into Apple's ecosystem, I now believe that the stock will go much higher than that.
Weeks before my latest appearance on CNBC, I had already decided to buy an Apple Watch and had picked out the unit that I can't wait to wear. It's the stainless-steel model with the magnetic Milanese loop band featuring a sophisticated mesh design.
For me, the only real decision was whether to go with the smaller version, with a depth of 38 millimeters, or the bigger, 42-millimeter model. I decided to go with the smaller face because I prefer a sleeker look.
So, when one of the CNBC anchors asked me if I had decided to buy the watch as part of my "market research," I had to laugh. Not only had I spent a good deal of time picking out my watch, but I already had been making plans on how I would use it in my work, my family life, and my "play" time.
This isn't "market research" – this is my life.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.