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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.
just as scheduled by the 'retired generals' less than a month ago. are they smart or what?
not that it's 'stuff that matters'; the corepirate nazi holycost is increasing by the minute. you call this 'weather'?
continue to add immeasurable amounts of MISinformation, rhetoric & fluff, & there you have IT? that's US? thou shalt not... oh forget it. fake weather (censored?), fake money, fake god(s), what's next? (fake aliens ah ha ha). seeing as we (have been told that) came from monkeys, the only possible clue we would have to anything being out of order, we would get from the weather. that, & all the monkeys tipping over/exploding around US.
the search continues;
google.com/search?hl=en&source=hp&q=weather+manipulation
google.com/search?hl=en&source=hp&q=bush+cheney+wolfowitz+rumsfeld+wmd+oil+freemason+blair+obama+weather+authors
meanwhile (as it may take a while longer to finish wrecking this place); the corepirate nazi illuminati (remember, (we have been told) we came from monkeys, & 'they' believe they DIDN'T), continues to demand that we learn to live on less/nothing while they continue to consume/waste/destroy immeasurable amounts of stuff/life, & feast on nubile virgins while worshipping themselves (& evile in general (baal to be exact)). they're always hunting that patch of red on almost everyones' neck. if they cannot find yours (greed, fear ego etc...) then you can go starve. that's their (slippery/slimy) 'platform' now. see also: http://en.wikipedia.org/wiki/Antisocial_personality_disorder
never a better time to consult with/trust in our creators. the lights are coming up rapidly all over now. see you there?
greed, fear & ego (in any order) are unprecedented evile's primary weapons. those, along with deception & coercion, helps most of us remain (unwittingly?) dependent on its' life0cidal hired goons' agenda. most of our dwindling resources are being squandered on the 'wars', & continuation of the billionerrors stock markup FraUD/pyramid schemes. nobody ever mentions the real long term costs of those debacles in both life & any notion of prosperity for us, or our children. not to mention the abuse of the consciences of those of us who still have one, & the terminal damage to our atmosphere/planet (see also: manufactured 'weather', hot etc...). see you on the other side of it? the lights are coming up all over now. the fairytail is winding down now. let your conscience be your guide. you can be more helpful than you might have imagined. we now have some choices. meanwhile; don't forget to get a little more oxygen on your brain, & look up in the sky from time to time, starting early in the day. there's lots going on up there.
"The current rate of extinction is around 10 to 100 times the usual background level, and has been elevated above the background level since the Pleistocene. The current extinction rate is more rapid than in any other extinction event in earth history, and 50% of species could be extinct by the end of this century. While the role of humans is unclear in the longer-term extinction pattern, it is clear that factors such as deforestation, habitat destruction, hunting, the introduction of non-native species, pollution and climate change have reduced biodiversity profoundly.' (wiki)
"I think the bottom line is, what kind of a world do you want to leave for your children," Andrew Smith, a professor in the Arizona State University School of Life Sciences, said in a telephone interview. "How impoverished we would be if we lost 25 percent of the world's mammals," said Smith, one of more than 100 co-authors of the report. "Within our lifetime hundreds of species could be lost as a result of our own actions, a frightening sign of what is happening to the ecosystems where they live," added Julia Marton-Lefevre, IUCN director general. "We must now set clear targets for the future to reverse this trend to ensure that our enduring legacy is not to wipe out many of our closest relatives.
Steve Jobs came back in 1997 and it had a small surge that was crushed in the dot com boom. Up to early 2004, you could acquire shares reasonably close to the 1997 price, it fluctated 1.5-2x, sometimes 3x, but after early 2004 it skyrocketed.
1997-2004 is when they had all those color iMacs and gaudy design (remember those awful clamshell notebooks?) befoe the industrial design. It returned to profitabilty, to be sure, and laid a lot of other groundwork, like 2001 was the release of OS X, to be sure.
And that same year (2001) iPod was released. Think about that. For almost 3 years after iPod's release, you could still have bought Apple at a bargain basement price. It took a long time for Wall Street to shed the malaise it had with Apple after the late 80s and early/mid-90s decline.
You know something? You people that sit there salivating watching the values of your stocks & shares & caring little about what else goes on in this world of ours have my utmost & deepest sympathy & are totally welcome to it.
Nerds & geeks, whatever their faults, are people who have passions for stuff *OTHER* than just money. Whilst I grew out of that sort of stuff a while ago, I actually have a degree of respect for the person that fills their lives with comic books or Star Wars memorabilia rather than investing in a pension plan or eyeing the stock markets because when I was into that sort of stuff (including RPGs like Dungeons & Dragons), I shared a strong bond with some equally nerdy people & had some good times - and most of those same people have matured with me, grown out of the nerdy stuff (most of it anyway), got married, had kids & still remain close friends to this day.
At the time, we were all too nerdy to care about what people on the outside thought of us - and now I'm on the outside and all grown up & sensible, I don't regret one bit having done those things because it all helped in my education of balancing a reasonably well-paid job with a loving partner & great social life.
I'm happy, own my own house, have good health & don't own a single stock or share in any company. The only money I owe anyone is my bank due to a reasonably-sized mortgage on my reasonably sized house.
So please don't delude yourself into thinking that the price of stocks & shares is "stuff that matters" to a nerd, or even an older partial nerd like me - it doesn't.
Gentoo Linux - another day, another USE flag.
There is nothing fundamentally sound about apple stock -- it is a company that sells overpriced inessential consumer items ... The stock price is riding on hype, not on merit. Once the hype goes away (and it will) there'll be a lot of people burned.
I made a good chunk of cash on Apple stock this year, but IMHO only idiots would seriously invest in it for the long term.
Awwell, not so important anyway, enjoy your flamewar.
D2 is unusable so I'd say so. How about putting the (currently missing) threshold and display option controls back for users who aren't drooling js-enabled cock-monkeys?
I'd love to see Minard-type illustrated map of product lines, sales of each product, board members and share price for the 1997-2010 period.
Set your phasers on "funky"!
'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.'"
However, if you bought Apple stock, you probably bought about $600,000 in Apple products: iPhones, iPads, iTunes iThinkpads . . . etc.
So you are down 56,000 on the deal
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
As a long-time Apple investor, I am not terribly surprised that Apple has finally cracked the $300 dollar barrier. The reason I am bullish on Apple and have been for over ten years is that Apple has repeatedly shown it has the ability to find a technical product or market, analyze what is wrong with the current offerings and make a ground breaking product that basically redefines that market. That was the reason the original Apple 2 was successful. You didn't have to know how to wield a soldering iron to have an affordable home computer. The Macintosh again redefined the market by making a mouse-based graphical user interface widely available. Sure others went there first with the Altair proceeding the Apple 2, or the Xerox Alto proceeding the Macintosh, but both products had technical or cost flaws that crippled their chances in the market. This is the same basic formula that Steve Jobs applied to mp3 music players, online music and video sales, cell phones, and most recently tablets. He wasn't the first one to invent these things, but he was the one who was able to see where the short comings were and come up with a better product. Technical users can trash talk Apples products all they want and rant about how brand x's offering can do so much more and costs so much less, but the proof is in the sales. Apple only makes 30 or so products, so they can focus on each product with laser-beam intensity and make it the best in its market. I can't even count how many products Sony, Dell or HP make. Some are great, others are trash. People like Apple's products and keep buying them as fast as Apple can make them. So as long as Apple is able to continue with this business model, I will remain bullish on Apple.
Can someone enlighten me as to whether the stock chart shows prices per unit stock taking into account of the splits or not?
i.e. after the 1st and 3rd split, the stock price hardly changes, when I would have expected the unit price to halve due to the split. After the second one, the value does approximately half.
Or is the graph simply showing how the value of a current unit of stock has changed, factoring in the splits?
Donte Alistair Anderson Roberts - hi son!
Karma: Chameleon
Is your nick Greek for "ethical" by any chance? In that case, perhaps you should prepend it with "Oxi" (or whatever it is that would negate it in greek, my greek is limited)
From my somewhat freedom mongering perspective, the better p7 or ios or any other proprietary offering is, the worse it is.
Proprietary is anti-freedom, anti-freedom is wrong, so supporting proprietary solutions is unethical.
I'm no saint myself, though, with the sweet proprietary drivers, for example and a multitude of other examples of buying products from corporations that are "evil" in other ways I haven't even bothered to find out about.
Maybe that makes me a bad person, but it doesn't make the philosophical conclusion less valid or the movement less worthy.
Kudos to those who have the strength to resist shiny evil and any little us mere mortals can do is better than nothing.
Some of my favourite people are from th US; Vonnegut, Chomsky, Bill Hicks.
(I had put joke tags of holierthanthou in them pointy things around the first paragraphs, but they were ofcourse disappeared...)
Some of my favourite people are from th US; Vonnegut, Chomsky, Bill Hicks.
never a better day to buy more worth less payper? maybe the ?aliens? will help. they sure have some nice shiny rides (complete with light show that would outshine ANY other pimpmobile).
still waiting to see something,... anything that really matters (compared to what is really happening; exploding babies, stock markup/banker FRAUD & LARCENY etc....), here.
We are talking about the "consumer market" here and Apple is proof enough that the average consumer does not care about openess and freedom.
I almost bought for nearly $1, 000, 000 of Apple actions just before job joined, knowing it would most likely be a very good and not so risky investment.
In the end, I didn't.
Oh the regrets.
maps. it's wierd. looks like more than 50% of the country is being, or about to be flooded. maybe the maps/satellites are broken? better to buy more phony payper than to even wonder what really matters now.
I bought at $10 and finally sold at $180. The thing that scares me about holding Apple stock long-term is Jobs's pancreatic cancer. Apple management demonstrated clearly that they are not forthcoming about their CEO's health, and let's face it, we've seen what would happen to Apple if Jobs had to dial back his involvement. More than any other company Apple needs its CEO.
They do make great products though, and deserve all their success. I hope my fears are unfounded and that Steve lives a long and healthy life.
<quote><p> And to people using NT back then, Mac must have been a really bad joke.</p></quote>
No, Windows NT was not always better. I had 5 macs on OS 9 running one application combining: applescript, filemaker, photoshop, the predecessor of ImageJ, a scanner and a shared printer with permanently 30' in the buffer. With only one unstable Mac. By lack of Macs I had to add two NT PCs who implemented the first step of the process with only a scanner and photoshop, and there the trouble began as the PCs had a downtime of 20%.
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!
it also looks (stupid satellites) like an inordinate area of 'god's' country is on fire.
Is forcing own ethics on others ethical? I for one judge technology on basis of merit, not ideology.
Maybe that makes me a good person, and it probably makes your philosophical conclusion less valid and your movement less worthy.
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.
almost all of the (dozen or so) flood warnings are gone now. aliens? gone as well. the fires....? looks like maybe another 'miracle' might be needed. no problem. when you're crusading for 'god', the only losers, aren't
Who the hell has $10,000 lying around to invest? I guess this is just one of those "the rich get richer" type of things.
I bought one share of Apple stock back in September 2001, when it was trading at about $20. The stock has split since then, so I now have two shares.
Hearing this news, I really wish I'd bought more.
That is the true tragedy of the commons.
Invaders must die
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.
I am not certain that the summary takes into account the multipliers caused by stock splits. After I finish waking up, I will compute the value of a $10,000 investment = current price times how many shares were first purchased times first split factor times second split factor times ...
Oh wait, capital gains taxes!
It is very much a key man company. I don't want to be holding stock the year Steve Jobs dies - no one else has the, no, I won't say "vision" for a company that repackages old tech and patents something as innovative as a text filter - call it the marketing skills, Steve has. The minute he dies Apple becomes an overpriced PALM.
Seven puppies were harmed during the making of this post.
A house is not.
Wish I had bought AAPL and GOOG in real life rather than in a stock market simulator game.
I listen to both RIAA and non-RIAA stuff if I like the music, tangential business/politics nonwithstanding.
Upon seeing the RSS title, I was hoping this piece was about Steve finally going down-market. Yes, Apple's brand identity is about bourgeois status, but doesn't Steve ever consider doing something about the digital divide anyway?
Apple has repeatedly shown that it can create whole new markets. How about celebrating this nice round number stock price by working on something for the not-so-well-off?
Silly, I know.
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Are there too many companies that have had a steady climb? And the article says it's split adjusted, meaning the shares aren't worth $300, but if you reverse every split so you're back to the same amount of shares that were out there in the beginning, THEN they'd be worth $300. Big whoop. If you "split adjusted" IBM's shares, or heck even Microsoft's shares, I'm pretty sure they'd be worth a hell of a lot more than $300 in that sense.
Vector assets are already supported on OS X. Vector assets aren't supported on iOS for performance reasons, but the APIs are the same.
Tragedy? Perhaps the things that you believe are so crucial are just not important in the larger scheme of things. Did you ever stop to think that perhaps you are the fringe element and mainstream simply doesn't care that they can't install some random app from some random developer? A quarter of a million apps does a lot to allay fears of a 'restrictive' platform. Linux is totally free and open, yet it too struggles with mainstream acceptance. Did you ever stop to wonder if perhaps being open and free wasn't all that's needed for success? If it's obviously not working there, why would you expect it to a shoe-in for some other platform?
A Tragedy? Hardly. A tragedy was 9/11. This is just inconvenient to geeks and business as usual for businesses. For iJoe, it's all irrelevant.
Based on the headline, I was hoping that Apple was inching toward a $300 price tag for some offering in their Macintosh line. Man am I bummed.
You see? You see? Your stupid minds! Stupid! Stupid!
Your math doesn't include the splits. If you had bought $10,000 worth of AAPL on Sept 16, 1997, you would've bought 1,823 shares. They've split twice since then so you'd now have 7,292 shares which would be worth $2.18M.
As others have pointed out countless times, dividends are paid out by companies which are no longer in a growth stage in an attempt to make their stock appear more attractive to investors. It is foolish to buy stocks that pay dividends at in a down market and wise to buy into growth stock. Paying a dividend shows that the company does not have any plans to grow through acquisitions or taking risks on new market segments.
Jesus was a compassionate social conservative who called individuals to sin no more.
I bought my first shares of Apple in 1995 and continued to buy through 2000 and later. I remember my cheapest pickup was at $12 a share (pre-split its $6/share today). Been selling steadily as the price has gone up over the last few years. Ofcourse I wish I had had more money to invest in Apple at the time and I had held on to it all until now but I'm not complaining. I still have half of the shares I originally bought and at current worth can pay for both of my kids college educations (my oldest is 4 so you never know how much college will cost in 14 years!). I'll continue to sell as it goes up but I'll probably always own some Apple stock.
I'm hoping they announce a split soon.
You misunderstand, tragedy of the commons is a figure of speech which relates specifically to the outcomes of behavioural patterns of the individuals vs the group. It is not a literal tragedy, at least not in the singular definition you have ascribed to the word. (context is important when looking to understand the specific meaning of a word that carries several)
Specifically, Tragedy of the Commons, relates to the way in which individuals may prefer behaviours that may directly benefit themselves, but that ultimately may have net negative effective on society as a whole. Forgive me if you knew this, your post suggested otherwise.
I don't think it is fair to say that their is no benefit to be had through endeavouring collectively to enhance our understanding, and further development of, technology as a whole. The point you make about the success and popularity of proprietary software platforms are equally valid, but they merely server to illustrate the point that people are going to choose the short term benefit over the long game. It's all the rage these days, never more so than in the financial sector. Where it has had a long history... "buy now pay later" springs to mind. By these standards success is easily achieved, fire out a new shiny iDevice and don't look any further than the next quarter. We'll all be dead soon anyway.
Crucially though in your reply, I think you have rather put the cart before the horse. Somewhat ironically, I am one of the individuals who right now is putting their personal benefit ahead of the group. I sit and a write this post on the keyboard of my MacBook Pro, my iPhone next to me... or is it the wife's... oh no her is plugged into the iMac in the other room. So it seems redundant to lecture me about iJoe's needs, for I am Joe.
What is intriguing about humans is that we are complex beings, capable of holding in our minds many conflicting thoughts. Balancing our morality, philosophical ideals with our emotional reactive selves. I know with every swipe to unlock and click to install I am just lining the pocket of Jobs et al, and doing nothing directly to contribute to the open source movement, but that is a very short term outlook. These tools are a means to an end, the revolution isn't going to happen overnight and I doubt I will play much of a part in it, but it doesn't mean I can't understand it, want it to succeed. Neither does it mean that I cannot use proprietary tools to contribute in some small way to that movement. My long term goals are very much aligned with open source.
And all the while, I'm hanging on to those apple shares I bought I couple of years back when Steve stepped out of the picture for a while, and Wall street collectively bricked itself. So yeah, I'm over the moon with the way things are going!
To say I haven't thought about my position in the world is a gross underestimation, I know exactly who I am and where I fit - I understand my internal conflict, I understand when not to let idealism get in the way of pragmatism, and I understand that these decisions do not mean I cannot still hold true certain beliefs.
To me, Open Source is not about installing an app from a random developer, it is a movement based around a philosophy of sharing for the benefit of the human race as a whole. It is greater than the sum of its parts. One reason it is not accepted by the mainstream is that it is largely incompatible with capitalism.
As a species we have evolved to a point where we understand the principle of collaborative effort often being superior to individuals, but the extent to which that is evident is still hugely variable. I think we are heading in the right direction though.
Invaders must die
Your assumption of a tragedy in this context assumes that the closed platform of the iPhone is poor for the larger whole, when in fact, the very ability of Android to develop and thrive in such an environment directly contradicts such an assumption.
Yeah, me too. Before reading TFS, I thought it had something to do with getting a $300 netbook out the door.
Moderation +1
20% Insightful
20% Flamebait
20% Troll
I heart slashdot math
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
If crapple is that good anyone could run it. Ignore the man behind the curtain.
"Proprietary is anti-freedom, anti-freedom is wrong, so supporting proprietary solutions is unethical."
I'm not sure if I'm reading slashdot or the communist manifesto ... wake up please, communism has failed and most of the readers here live in capitalist countries, earning their living with proprietary work.
I for one judge technology on basis of merit, not ideology.
Unqualified aphorisms like that one are ripe for the picking.
Are you saying you that you judge a gadget purely on its specs? Isn't someone's morality dependent on their ideological position?
Would you purchase the best piece of technology from Nazi Germany in 1940? 1943? You don't care if child labor was involved in making it? Slave labor? I suspect your more honest answer is that you simply disagree with the ideological perspective of the Free Software Foundation and friends.
Before it was repackaged as the Timex-Sinclair ZX81 and sold as a completed item, the Sinclair ZX81 was sold as either a kit, or fully assembled. If you wanted to save some money, you had to populate the motherboard and solder it together.
http://www.zx81kit.com/allcomponents.jpg
September 2011: Looking for Cocoa/iOS work in Boston area Cocoa Programmer Quincy, MA