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Apple stock heading to $1,650, fund manager predicts

Apple’s share price appears to be defying gravity lately, moving ever higher amid optimism about the technology giant’s latest product offerings.

Apple’s share price hit the $600 market for the first time ahead of the mid-March release of the new iPad. It closed above $500 for the first time on Feb. 13, and just before Christmas, on Dec. 23, it closed above the $400 mark for the first time.

But could shares of Apple hit $1,650? Eric Jackson, founder of hedge fund IronFire Capital, thinks so. He told CNBC Wednesday that the price could hit that level by the end of 2015.

Click here to check Apple’s share price.