Friday, April 30, 2010
What If I Had Bought Apple Stock Instead?
By Dr. Mark J. Perry
On November 10, 1997, Apple released the Apple PowerBook G3 250 computer for $5,700, when Apple stock was trading at $4.67 per share. Apple is now trading at $262.93, or about 56 times the share price in 1997 (see chart above).
What if instead of buying the Apple computer in 1997 for $5,700, you had purchased 1,221 shares of Apple stock with your money? Today, those shares would be worth about $321,000 ( APPL is trading at $262.93 right now).
See more of these comparisons for different Apple computers in different years here.
HT: Matt B., the Plaid Pundit
On November 10, 1997, Apple released the Apple PowerBook G3 250 computer for $5,700, when Apple stock was trading at $4.67 per share. Apple is now trading at $262.93, or about 56 times the share price in 1997 (see chart above).
What if instead of buying the Apple computer in 1997 for $5,700, you had purchased 1,221 shares of Apple stock with your money? Today, those shares would be worth about $321,000 ( APPL is trading at $262.93 right now).
See more of these comparisons for different Apple computers in different years here.
HT: Matt B., the Plaid Pundit
