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Many investors were disappointed that Apple Inc. (Nasdaq: AAPL) did not unveil any new hardware at its Worldwide Developers Conference (WWDC) on Monday.
But speaking on FOX Business' "Varney & Co.," Money Morning Defense & Tech Specialist Michael Robinson said the tech giant just gave us chapter-and-verse on how the stock will reach $1,000. (Of course, after the Apple stock split becomes effective this Friday, that magic target will be $142.86. Expect some rounding next week.)
"What's important about the Developer's Conference, and what not enough people are paying attention to, is that Apple is setting itself up as a leader in a field that's been the 'holy grail' for the last 10 years," Michael told host Stuart Varney.
In the video below Michael explains the Apple strategy that was previewed at WWDC and why it will propel AAPL stock to $1,000.
DON'T MISS: For a full report on everything that AAPL discussed at the two-hour WWDC keynote on Monday, click here.