Apple Breaks $100 per Share

Shares of Apple (AAPL) broke $100 today. The stock split 7-for-1 in June, so it’s not at a new all-time high. Apple got to $705.07 two years ago, which is $100.72 post split. Apple got as high as $100.68 today before closing at $100.53.

On July 8, 1982, Apple closed at $11 per share. Adjusting for splits of 56-for-1, that works out to 19.6 cents per share. That means Apple is up 511-fold in just over 32 years.

As recently as April 17, 2003, Apple was going for 93.7 cents per share. The stock has averaged 51% per year since then (not including dividends). That means Apple has gained, on average, 1% every 8.8 days for over 11 years.

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Apple’s gain has been so massive that the S&P 500 looks like a flat line in comparison.

Posted by on August 19th, 2014 at 4:31 pm


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