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50k in Apple on 10/11/03 worth a cool million today

“…..take for example Apple – maker of the iPod , iPhone, and the Macintosh computer. If you had invested $50,000 in Apple Inc. (NASDAQ: AAPL) five years ago, that investment would be worth a cool $1.2 million today. In the last 5 years, shares in the Silicon Valley company have gone up $160, or 2273% (charts). This works out because 5 years ago, Apple shares were hovering around the $7 mark. $50,000 five years ago could afford you 6887 shares. Today, those 6887 shares are now worth over a million dollars, because Apple’s share price has gone up to $167 ($167 * 6887 = $1,150,129). To put that in perspective, if you had decided 5 years ago to purchase Apple shares instead of a 2nd generation 20GB iPod for $499, you’d have $11,000. That is a lot of apples.”

Original story

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October 15, 2007 - Posted by | apple, financial

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