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Apple's Long Road To $300
itwbennett writes "Apple shares inched over $300 for the first time Wednesday, nearly 30 years after Apple's initial public offering in December 1980. But it hasn't been a steady climb. In fact, says blogger Chris Nurney, 'Apple's stock history can be divided into two clear periods — the early years, from the IPO through Steve Jobs's long absence from the company after losing a power struggle in 1985, and the modern Jobs era, which began on September 16, 1997.' The bottom line: 'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"
Bad news for Apple though - this month Nokia's marketshare on mobile phones increased significantly while Apple took a major drop. It looks like the iPhone wasn't really that big a hit, as it's currently only holding about 4-5% market share in mobile world.
There also isn't anything new coming from Apple, so it looks like the company is taking a significant lose soon with the amazing Windows Mobile 7 released too.
I bought at $10 and finally sold at $180.
Please lead me into you shining light, My Messiah, that I may throw flowers at your feet & kiss your shiny ring in adoration!
Therefore they don't have "investors", they only have speculators.
The only way you can make money from Apple shares is by selling Apple shares. If you don't get the significance of that, let me put it another way: you always need new suckers to buy in to the scheme at higher prices.
If that sounds like a good long term "investment", then would you be interested in buying in to an exciting ground floor opportunity to market quality steak knives to other steak knife marketers?
If you were blocking sigs, you wouldn't have to read this.
And had one purchased $1000 (not $10,000) in Tandy (Radio Shack) in 1972, by 1980 that $1000 was worth $1.2 million (not $554000).
Tandy was the 800 lbs gorilla of PC manufacturing. For 7 years they built and sold more PCs than all other manufacturers combined (IBM, Compaq, AST, et.al. ad infinitum).
No, I didn't buy any.