If You'd Invested $1,000 in Apple Stock 27 Years Ago, Here's How Much You'd Have Today
Apple (NASDAQ: AAPL) stock has experienced many struggles since its 1980 IPO. After its board fired Steve Jobs in 1985, the company spent years in the wilderness. It suspended its dividend payout in 1996, and was close to bankruptcy when it brought Jobs back in 1997.
Shortly after that, Apple stock began a run that made it one of the most successful stocks in history, illustrating how innovation can dramatically improve a company's fortunes.
If one had bought $1,000 in Apple stock when Jobs returned in February 1997 and held on until today, that position would be worth around $1.8 million. That figure assumes this hypothetical investor would have reinvested their income from the dividend, which Apple reinstated in 2012.
Source Fool.com