“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
“risky scheme” means that the goverment wasn’t sure they could get their cut
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Re: Ballmer Dress Up Game
“This is freakin’ hilarious (especially when you take his shirt and pants off)!”
The doctor says my blindness is temporary and was probably cause by some sort of horrible, gut-wrenching image. The projectile vomiting should subside this week. For awhile, I just wanted to die.
@Let’s Be Franz,
Correction. Approximately 50% of English is derived from Latin.
Veni, Vidi, Vici!
Yes, I took Latin in high school and college just so I could converse with the pope one day.
I bought at $6/share, split adjusted. I bet the farm. Then, late in the game, I transfered all of my 401k and IRA accounts into a roll over IRA composed of one stock, AAPL. I bought at about $122 just before the iPhone was released. I’m into the seven figures (US dollars).
I can just imagine the number of people not too far from leaving Apple. With options out there, taking 10 years to expire… Now, just have to wonder if they will exercise them or buy them at the origional price and hope they continue to rise. Why would anyone continue to work when they have about 3000 options vesting every year when the firm purchase price is less than $20. That is close to 500k a year in options at their current price. Not to mention the ability to buy stock 15% cheaper than what it is traded for. And 401K… even if you only put 10% of your 401k contribution into AAPL you are sitting on a gold mine. (if you have been an employee for 20 year)
@Let’s Be Franz
yes of course most english comes from german (the anglo saxons)
but “recently” (the last 400 years or so), many words have come from french.
OK -but your comparing Apple to a penny stock in Chico’s.
“there are stocks like Apple out there to put a real smile on any investors face.”
If this article tells you anything it’s that Apple’s performance is an anomaly, not the rule.
To be even worth what it is today, all other things remaining the same, Apple would need to grow at about 23% every year for the next decade. lets say (for argument’s sake) that that was done on existing product lines, same product mix, same margins etc. Apple would need to be selling 60 million Macs a year and 410 million iPods a year a decade from now.
That’s the growth that’s already priced in to the stock.
Not fair you say, I want the stock to be worth at least double what it is now.
Well, you need 150 million Macs and 900 million iPods sold a year in decade from now.
Gee though you say, the 3500% gain sounds much better. Won’t I get that for the next decade too?
Well then you’re up to needing 1.6 billion Macs sold and 10 billion iPods every year.
No matter how optimistic you are about Apple’s future, the one thing that is sure is that we will not see sustained stock price growth next decade than matches the growth for the last one.
“I took Latin in high school and college just so I could converse with the pope one day.”
There’s only four words you need to understand for that, kneel, bob and bend over.
“many words have come from french.”
Like coward and surrender.