Apple's Long Road To $300 264
itwbennett writes "Apple shares inched over $300 for the first time Wednesday, nearly 30 years after Apple's initial public offering in December 1980. But it hasn't been a steady climb. In fact, says blogger Chris Nurney, 'Apple's stock history can be divided into two clear periods — the early years, from the IPO through Steve Jobs's long absence from the company after losing a power struggle in 1985, and the modern Jobs era, which began on September 16, 1997.' The bottom line: 'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"
Re:Bad news (Score:1, Funny)
You almost had me going there until "amazing Windows Mobile 7". Too much...
On the other hand (Score:5, Funny)
'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"
However, if you bought Apple stock, you probably bought about $600,000 in Apple products: iPhones, iPads, iTunes iThinkpads . . . etc.
So you are down 56,000 on the deal
Re:Bad news (Score:1, Funny)
In the immortal words of Snoop Dogg: "Drop it like it's hot". Into the porcelain trone, for example. After a few times they stop issueing, believe me.
Re:Bad news (Score:5, Funny)
Jobs is crying himself to sleep that he makes half the money in the cellphone industry with only a twentieth of the marketshare. Weeping.
Re:How is Apple's stock price not a bubble? (Score:2, Funny)
Re:On the other hand (Score:3, Funny)
But you have a heck of a lot of gadgets to sell back on eBay if you need cash !
Re:Don't forget the splits (Score:2, Funny)