Shares of Apple Inc. are currently trading up $3.10 (+2.20%) at $143.98.
Earlier today, shares hit a new all-time intraday high of $144.04.
When Apple hit and then flew past $142.86 earlier today, the company exceeded the equivalent of $1,000 per share (pre-2014’s 7:1 split)!
On April 23, 2014, Apple Board of Directors announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014 received six additional shares for every share held on the record date, and trading began on a split-adjusted basis on June 9, 2014.
Those 60-cent AAPL shares (split-adjusted) some of us picked up back in early 1997 following Apple’s announcement of the NeXT acquisition (or vice versa, in reality) aren’t looking too shabby today! That’s a nice little 240-bagger over 20 years for the AAPL longs who believed in Steve Jobs’ second coming!
MacDailyNews Take: As we wrote on April 23, 2014, the day the seven-for-on split was announced:
Boom! Boom! Boom!
Oh, by the way:
I am putting a sell on Apple, the company that created the iPhone… One of the oldest axioms on Wall Street is “Buy on rumor, sell on news.” Steve Jobs’ Svengali-like performances and the take-your-breath-away beauty of the iPhone has deflected the hard questions until now. I would rather sell before the questions are asked or, even worse, answered. – Laura Goldman, May 21, 2007
The day of Goldman’s call, Apple shares closed at $16.00 (split-adjusted) or 1/9th of today’s current price.
SEE ALSO:
Apple still headed to $1,000 – June 10, 2014
Apple announces 7-for-1 stock split; boosts dividend, ups buybacks to $90 billion – April 23, 2014
I won’t sell my Apple stock below $1,000; still potential to double from here – April 22, 2014
How Apple shares crack $1,000 by 2017 – December 24, 2014
Jeffrey Gundlach: At this price, Apple looks reasonable, but it’s not going to $1,000 – December 2, 2013
I was at both the Jan and August MacWorld’s that year and yes I’m happy I decided to grab some shares that day!!!
Just to put some balance into the outstanding investment claims, in Aug 2006, starting with $16,000, I bought $15,000 of Jan 2007 Call Contracts, then rolled proceeds over to Aprils, then Julys, then Octobers and then Jan 2008s. The day before Christmas 2007 my account was worth just under $5,000,000. Then 2008 happened.
Thankfully I had purchased a lot of hard assets (including a house) during 2007 (pard cash but at pre-bank implosion highs).
My house is just now worth what I paid for it.
According to my brokerage account, the AAPL I’ve had the longest are now up about 7300% (“73-bagger”). Too bad I didn’t have a guts to buy more back then, and I’ve sold about half of what I did buy over the years at near-term highs. Still, the best (if not largest) single investment I’ve ever made BY FAR. Thank you Apple.
To think that $600 in shares in 1997 would be worth $143,000 today.
I watched AAPL climb for ages before i bought in ~$13. Sold a bunch when it peaked at $130 three years ago to diversify as AAPL made up more than 50% of my portfolio. This was right before it dropped.
I believe in AAPL, it’s Wall Street that’s unpredictable… totally comfortable with AAPL at 10% of my portfolio.
It’s doubtful Laura Goldman is any better a blogger/journalist now than she was an broker analyst then. She certainly needs to step away from the pastries.
https://twitter.com/laurasgoldman?lang=en
I bought in big before Apple bought NEXT, while it was debating that or BeOS.
What a pile of money made. Thank you Apple.
Bought mine in 1999 and never sold any. I mainly invested in Steve against the market sentiment of the day. It was an emotional investment more and thought I was going to lose money helping a company that can and should. The rest has been a wildest run beyond any expectations. Thank you Steve and RIP.