Today in Apple history: Apple frenemy Google goes public

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Google Apple
Relations between Apple and Google started strong, but quickly deteriorated.
Photo: Apple/Google logos

August 19: Today in Apple history: With Google IPO, an Apple frenemy goes public August 19, 2004: Google floats its initial public offering on the stock market. Founders Larry Page and Sergey Brin turn into instant billionaires as the Google IPO cements the company’s status as a tech giant.

Relations between Google and Apple are good at the time, with Steve Jobs serving as a mentor to the company’s two young founders, and Google’s Eric Schmidt soon to join Apple’s board of directors. However, the peace won’t last long.

Here’s how much a $1,000 investment in Apple in 1980 would be worth today

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Talk about a bet that paid off. A $1,000 investment in the Apple IPO would be worth $651,000 today.
Talk about a bet that paid off.
Photo: Amanda Jones/Unsplash

At $1.3 trillion these days, Apple’s a pretty darn valuable company. But how much could you have netted had you been smart enough to invest in the company in December 1980 when the stock first went public?

Obviously that depends on how much you’d have invested in the Cupertino computer company, and how long you had the nerve to keep the stock. A new report by CashNetUSA ran the numbers for a $1,000 investment in 1980. And, well, you’d be pretty happy with the results.

Today in Apple history: Apple IPO mints instant millionaires

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Apple is worth more than the entire US energy sector combined
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

December 12: Today in Apple history: Apple goes public at $22 per share, minting instant millionaires December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share.

In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million. However, the big payday triggers internal tensions as it highlights Cupertino’s class divide.