Here's How Much Apple Stock Gained in Each Year Since the iPhone Launched in 2007
Seventeen years have elapsed since (NASDAQ: AAPL) announced the first iPhone on Jan. 9, 2007, a breakthrough product that gave rise to the smartphone industry. The stock has been a phenomenal investment since that momentous event. Specifically, it returned a total of 7,390% over the last 17 years, compounding at 28.7% annually. That means an initial investment of $15,000 in January 2007 would now be worth $1.1 million.
Is Apple still a smart investment today?
Steve Jobs and Steve Wozniak founded Apple in 1976 and the Apple I computer debuted that same year. But it was the Apple II in 1977 that positioned the start-up company as an early leader in personal computers. Apple used that success to tap the public markets in 1980, raising $100 million during its highly anticipated initial public offering. That momentum carried Apple into the Fortune 500 by 1983.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.71% for Apple Inc. compared to the current price of 200.55 €.
