“The Macintosh has been quite a boon for Apple Inc (AAPL) shareholders,” Steven Russolillo reports for The Wall Street Journal.
“With the Mac celebrating its 30th anniversary on Friday, MoneyBeat took a look back at where Apple’s stock price traded 30 years ago,” Russolillo reports. “On a split-adjusted basis (remember Apple had two-for-one stock splits in 1987, 2000 and 2005), Apple closed at $3.41 on Jan. 24, 1984.”
“Fast forward 30 years later, and Apple closed Thursday at $556.18, meaning shares have risen 16,210% throughout the Mac’s lifetime,” Russolillo reports. “Here’s the tweet Apple CEO Tim Cook sent earlier today acknowledging the Mac’s birthday:”
Happy Birthday Mac! My life is infinitely better because we met. Today we salute everything you stand for. http://t.co/seLULo2cQ6
— Tim Cook (@tim_cook) January 24, 2014
Read more in the full article here.
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