Apple’s stock reached it’s all time high today, leaping just over the $208 mark. The rally caused investors to dance in the aisles over the company’s astonishing rise to a Wall Street darling. This is the same company that most people doubted would even survive, back in the late 90s.
“I’ve made over $1,500 in two days… Thank you aapl”, said @jherrdog on Twitter.
The happiest investors were those AAPL veterans who bought the stock at its all-time low — around $12 in 1997. Several were also celebrating their good fortune on Twitter.
“Oh, look! Time for my quarterly brag about buying a bucket of AAPL in 1997. Translation: Suck it, Ballmer,” said @guywithabike (Tyson) on Twitter.
Investors like Tyson have seen their AAPL shares grow to about 70-times their inital value. In the last decade, the stock has split twice and risen almost 200x in value.
That means $1,000 invested in Apple stock in 1997 is worth around $70,000 now. And $10,000 — the kind of sum that professional investors typically put into company stock — is worth a cool $700,000 — almost enough money to buy a house in posh Palo Alto where Steve Jobs lives.
And for those wondering how much Steve Jobs made, thanks to his 5.4 mil shares of AAPL and 138 mil shares of Disney (DIS), he made more than $90 million today. On paper, of course.
