“Before Oct. 23, 2001, Apple’s key products had been a mix of Mac computers and ‘other’ service revenue,” Brian Stoffel writes for The Motley Fool. “At the time, the company was valued at $6 billion — roughly equivalent to where travel site TripAdvisor sits today. But when the sun rose on Oct. 23, the company’s trajectory — in the eyes of both investors and consumers — arguably changed forever. It was the day Steve Jobs debuted the iPod. While the device is largely obsolete today, the idea of having ‘1,000 songs in your pocket’ was revolutionary at the time.”
“Today, Apple is the most valuable company in the world,” Stoffel writes. “A simple 9% run-up in the stock would make it the world’s first trillion-dollar company.”
Stoffel writes, “In honor of the remarkable 17-year run the stock has been on — during which it delivered a 16,000% return — here are the five stages that led to this momentous landmark.”
• The dawn of the iPod
• The era of the iPhone
• The economic recovery and introduction of the iPad
• The hangover
• Services: Booming growth and a widening moat
Read more, and see the graphs, in the full article here.
MacDailyNews Take: Steve’s amazing machine is just getting started!
The only thing that can stop Apple are Apple themselves.
Indeed . The ones that can only stop Apple is the executives managing it.
They have already started by killing the displays a long ago , now the wifi routers, and making suffer the Mac users that are waiting for the updated machines .
Do you really believe that displays and routers accounted for more than a miniscule proportion of Apple’s total revenue?
Oh, gee, ya remember when they killed those printers? That cute little inkjet made by Canon? That noisy image writer? And how about the king of them all the laserwriter that kickstarted the desktop publishing revolution? How could they? Thank goodness they got rid of those execs who canned those products.