In the 1980s, Apple (NASDAQ: AAPL) gained prominence with the Macintosh, the first personal computer with a graphical user interface. This innovation transformed the industry, contributing to Apple’s success. Over the years, Apple’s lineup, including the iPod, iPhone, and iPad, further solidified its position as one of the world’s largest and most valuable companies.
This evolution of AAPL is well documented on the stock market. Since its initial public offering, the Cupertino giant’s stock has experienced an impressive surge of 175,490.91%, solidifying its position among the S&P 500’s prominent companies. It is a crucial player in the index’s top-performing “magnificent seven.”
This stock has seen its ups and downs in previous years, but the overall sentiment remains highly positive as it continues to add to its value year in and year out. Investors might wonder how much a $1,000 invested in its stock by the start of this year would be worth now.
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How much would $1,000 invested in AAPL be worth now?
Despite not being among the top performers in the stock market over the previous 365 days, Apple still boasts a solid increase in its value, as it managed to add over 50%.
Throughout the year, the company has achieved a notable 54.43% gain. Holding the top position in market capitalization, exceeding $3 trillion, it has recently attained its record peak of $198.11 per share, providing a fitting conclusion to a year characterized by significant success.
At the time of press, AAPL was trading at $193.15, marking an increase of 0.05% from the previous trading session, contrary to the losses of -1.92% that occurred over the past 5 trading days.
This means that investors who obtained $1,000 worth of this stock at $129.93 per share made a nice profit, as their investment is now worth approximately $1,480.
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