“MarketWatch debuted the same year that Steve Jobs reclaimed the CEO slot at Apple Inc., the iconic computer maker that he founded and has since transformed into a consumer electronics powerhouse known as much for its digital music players and wireless phones as for its popular line of Mac computers,” Dan Gallagher reports for MarketWatch.
“Apple has been one of the best performing stocks since MarketWatch debuted in October of 1997 — the second-best, in fact — rising more than 3,500% between then and October of this year, according to Ford Equity Research,” Gallagher reports.
“Only one stock from the NYSE and Nasdaq has managed to outperform Apple during that time. Chico’s FAS Inc., a specialty retailer of women’s apparel, managed to rise nearly 3,800% during that same time,” Gallagher reports.
“Much of Chico’s success is due to a low starting point. When adjusted for multiple splits in the past decade, Chico’s was trading at less than 40 cents a share in late 1997. The stock has actually been on the decline since peaking near the $50 mark in early 2006,” Gallagher reports.
Full article here.
[Thanks to MacDailyNews Reader “Nathan” for the heads up.]
This is remarkable on so many ways. A large-cap, mature company with this rate of growth is just mind boggling. Congratulations to all those who bought AAPL in 1997 and are still holding onto their shares. Enjoy your retirement!
First?
So, does that mean that by today’s stock prices, stock 10 years ago would have been around $5.30? How does that work? Either way if investors stuck with it from 10 years ago, I bet they are a bunch of happy campers!
MW: early. The early bird gets the worm (or gets worms?)
As today, Apple is the #1 performing stock of the last 10 years.
People:
Go visit The Joy of Tech (linked by MDN).
Today they have a surprise for us all.
Really Great
One accomodates silicon and the other holds up the silicone. One has addresses, the other dresses. One boots up, the other goes with boots. . .
I bought Apple 10 years ago. It was 12-3/4 per share and has split twice since then. It does not give me $3,500 for every dollar I invested. These ‘it went up &#xxx;’ never seem to add up. Not that I’m unhappy with the gain of course, it’s just my math is a little different then what they seem to use.
” stock 10 years ago would have been around $5.30? “
There have been 2 stock splits during that time. The price would have been 22.20. The 5.30 is adjusted for two splits.
AAPL is up at $188.67 @ 10:22.
Chris Moore
“It does not give me $3,500 for every dollar I invested.”
I did not learn pecentage in US school, so may be you have different definition, but with 3500% increase, you should be getting $35 for every dollar invested.
Chris Moore,
No, it gave you an extra $35 for every dollar you invested 10 years ago. In other words, you have another 3500 cents per cent you invested 10 years ago.
When stock goes up a 100%, that means it doubled. It doesn’t mean it increased a hundred fold.
“In other words, you have another 3500 cents per cent you invested 10 years ago.”
Er, I should have said, “In other words, you have another 3500 dollars per hundred you invested 10 years ago.”
That’s what percent means: per hundred.
Uh-oh….Apple is doing M$ tactics…..I have a sync icon that is locked on error because I refuse to use .Mac. I went to the .Mac setting and I cannot remove the icon. Hmmm reminds me of the lawsuit against M$ because of the whole MSN thing.
Just my $0.02
From Dictionary.app:
percent |pərˈsent| (also chiefly Brit. per cent)
adverb
by a specified amount in or for every hundred : new car sales may be down nineteen percent | staff rejected a 1.8 percent increase.
noun
one part in every hundred : a reduction of half a percent or so in price.
• the rate, number, or amount in each hundred; percentage : the percent of drug users who are infected.
ORIGIN mid 16th cent.: from per + cent , perhaps an abbreviation of pseudo-Latin per centum.
USAGE Both spellings, percent and per cent, are acceptable, but consistency should be maintained. Percent is more common in U.S. usage; per cent is more common in British usage.
…bought in at $18 in 1999.
Alls well here!
-> turbo: To make ist even more complicated, 200 ist 200% of 100, but only 100% more than 100.
@Chris Moore
3500% does not mean the value was multiplied by 3500 !!
go (back) to school, u scare me.
% comes from the french “Pour Cent”, “for hundred” (that comes from latin)
most modern english comes from french, like station, conversation, etc etc…
Like I said, they use a different math than me, as in they use it correctly =). /me hides head in shame. I actually knew that but I haven’t pumped myself up with enough coffee yet.
This is freakin’ hilarious (especially when you take his shirt and pants off)! Thanks for the link on Halloween, MDN! It made my day.
Presumably, “pour cent” comes from the Norman influence?
Over the past 5 years Apple’s stock price has gone up by a factor of 2 every year (actually by 1.9), on average. Imagine what your stock will be worth in another 5 years. (3 million maybe?)
And with Microsoft helping Apple’s stock price go to the moon, what is out there to stop it?
That’s a little annoying, I admit. The solution is to remove the icon in iSync preferences, or Command-drag it off the menubar. This works with any icon up there.
I wish I had bought Apple stock when I first switched from Windows to OS X (almost seven years ago). Unfortunately, I waited until almost a year ago when the stock was at $72/share. Then again, $72 -> $189 is nothing to cry about.
This stock market sure is a “risky scheme” isn’t it?
Remember when Bush proposed a limited number of workers be allowed to voluntarily put a tiny portion of their FICA deduction into the stock market? Whoa! Can’t do that … it’s a “risky scheme” … despite there having never been a 10-year period when the market hasn’t outperformed the advance in social secuirty benefits. So we just put off the eventual implosion of social security and listen to the purveyors of doom (“risky scheme, risky scheme”) while there are stocks like Apple out there to put a real smile on any investors face.
Frankly, I think the mantra of “risky scheme” really translates to “I’ve got mine, to heck with you!”
Oh sweet Jesus, I remember right when Steve Jobs went back to Apple and I had my beloved, used, beige Performa and cried out that Apple HAS to come out on top….. the dark times. I had no money and told my step father he should buy $1,000 worth of APPL… he didn’t listen. Can’t wait to send him this link.
Should have sold my 79 Datsun…
“most modern english comes from french, like station, conversation, etc etc…”
Most modern English comes from German.
http://en.wikipedia.org/wiki/History_of_the_English_language