Apple's initial public offering was on December 12, 1980.
The stock opened at $22.00 per share.
The stock has split three times since the IPO so, on a split-adjusted basis, the IPO price was $2.75.
The stock has gone up 10,000% in 30 years.
$2.75*10,000=$275,000
Replies
I bought Apple at $35 some years ago, but we had so little money that we only bought a 30 shares. But I sold it when it was around $500 a share, a very nice profit. But I shouldn'ta done it. Bought IBM and NCR (good old old guy stocks) and I'm still in the hole. Should I dump them and put it back into Apple, Jim?
Geri, my husband (a car guy, Detroiter) loved Ford, Chrysler and GM. When we got a little money bought that, not a good buy then or even now sorry to say. We all loved Lee Iacocca. What a guy!
I agree. Iacocca was a true "car guy" from the start.
I've owned Apple at various points in its trajectory. I would say, yes, it's still got some upside potential, and now it pays a dividend.
Ford is still a good stock, better than Chrysler now, certainly, and an American company. I bought some a while back, and it's up a bit.
I like Apple, AT&T (pays a good dividend), Ford, Abbott Labs, SanDisk. I wish I would have bought more of that Apple when I did, though, and even at that time, I thought it was overpriced at $140.
My husband used to talk about Chrysler's stock after Lee Iacocca came along and the price soared.
And there was the problem--he talked and didn't buy.
Like Jeanne said-hindsight is 20/20.
Things are always clearer in hind sight.