Apple stock had its best year for a decade in 2019 | Cult of Mac

Apple stock had its best year for a decade in 2019


International governments plan to rethink tax rules for the ‘digital age’
What a year this was for Apple!
Photo: Pixabay/Pexels CC

Apple in 2009 and 2019 are very different companies. In the past decade, we’ve seen the arrival of the iPad and the Apple Watch, while the iPhone has well and truly become ubiquitous worldwide. Meanwhile, former CEO and co-founder Steve Jobs sadly passed away, and Tim Cook took charge of the company.

But as different as some things are, others stay the same. Case in point: AAPL has had its best stock performance in 2019 since 2009.

This year alone, Apple has gained more than 80% in value. Although 2018 was the year in which Apple passed the $1 trillion milestone, 2019 saw it surge to its current $1.3 trillion valuation. In total, Apple has added about $530 billion to its market cap this year. This is Apple’s strongest growth since 2009.

Apple’s 2019 growth alone is more than the total market caps of all but 5 of the companies in the S&P 500 Index. It’s also 2x the market value of Intel.

In 2009, AAPL surged around 150%. This was at the time when stocks were starting to recover from the 2008 financial crash.

Bloomberg isn’t the only publication to call out Apple’s amazing 2019. Recently, Wedbush analyst Dan Ives published a note in which he hailed Apple’s “historic” year. Ives argues that Tim Cook had his “finest hour” this year. That included leading Apple through the China growth struggles, settling the lawsuit with Qualcomm, acquiring Intel’s 5G modem business, and launching the iPhone 11. What’s more, he thinks Apple is set for bigger and better things in 2020.

If that’s the case, who knows how good next year could be investors? Frankly, I’m already excited about Apple’s 2029.

Source: Bloomberg


Daily round-ups or a weekly refresher, straight from Cult of Mac to your inbox.

  • The Weekender

    The week's best Apple news, reviews and how-tos from Cult of Mac, every Saturday morning. Our readers say: "Thank you guys for always posting cool stuff" -- Vaughn Nevins. "Very informative" -- Kenly Xavier.