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Apple stock is some of the most coveted on the planet, as the tech giant continues to absolutely dominate the market with products like the iPhone and iPad, among other things. Considering the company hovers around a $1 trillion valuation, it’s pretty safe to say that anyone who owns Apple stock is quietly sitting back with a big smile on their face just waiting to cash that sh*t in.
While the current price of Apple stock is just about $200/share — which actually isn’t too bad if you’re thinking about investing — it pales in comparison to the return on investment someone would get had they invested into the company 10 years ago. That’s because, according to CNBC calculations, someone who would have spent a simple $1,000 and invested it into Apple stock in 2009 would be sitting on about $13,000 today, as the market price on May 22, 2009 was a measly $17.50/share. If you’re upset that you didn’t get in early on Apple, you’re not alone, because I’m pretty pissed off myself after writing that.
For those who might want to get in on the action and purchase some Apple stock today, don’t expect the same amount of growth. However, given the company’s CEO, Tim Cook, is looking to improve Apple services and grow the company in ways other than just products, who knows what some stock in the company will be worth a decade from now.
Per CNBC:
Apple is looking outside of smartphones to increase sales. Chief Executive Officer Tim Cook underlined two growing businesses during his call with analysts: Apple Services, which includes things like Apple Music and iCloud, and Apple Wearables, which includes AirPods and the Apple Watch.
“It was our best quarter ever for services, with revenue reaching $11.5 billion,” Cook said. Services revenue was up 16% from $9.19 billion in sales from a year earlier.
Apple stock isn’t the only big tech company that some might be regretting not getting in on early. As I wrote last month, a $1,000 investment into Netflix 12 years ago currently carries a return of an insane $110,000, meaning anyone who gambled on the stock with just $2,500 has about $275,000. Man, that epic trip to Europe I took that cost about the same amount sure sounds like a dumb move now.
(H/T CNBC)