Apple, the pioneer of computers, was founded in 1976. Steve Jobs, Steve Wozniak and Ronald Wayne took the technology giant’s first steps in a garage at Jobs’ home in Los Altos, California.
Applesfera’s experts investigated the value of the share, adjusted it for inflation and calculated the how much money would you have todayif you had bet on the company with the purchase of just a single share.
The shares were going for $22 at the time; 43 years ago. According to US inflation data, that’s the equivalent of about $81.62. Another thing that must be considered to get the account is the splits that Apple registered throughout its history, which are five in total.
A stock split is an adjustment in the number of shares outstanding in a company, without changing its market value. This is done by dividing the par value of each share into a specified number of new shares.
For example, if a company has 100 shares, each with a face value of $100, and splits 2 to 1, each shareholder will receive 2 new shares for each share heldand the par value of each new share will be $50.
So, as Apple did it five times, with the asterisk that divided them into seven in 2014 and four in 2020, if you had one share in 1980, you now have 224.
The shares are not worth what we calculated, because the company, as you well know, appreciated. Now each one costs $177, which multiplied by the 224 would have a balance of $39,648.
Imagine that you had $110 at that time and you had nothing to spend it on and you bought five shares. You would now have 1,120 shares, which multiplied by cost would be about $198,240.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
