Forrest Gump’s Investment In Apple Would Be Worth $7 Billion Today


Gump's investment in Apple would make him a billionaire today.
Gump's investment in Apple would make him a billionaire today.

In the 1994 Oscar-winning movie Forrest Gump, there’s a short scene in which Tom Hanks’s character opens a letter of thanks from Apple after his former military colleague and business partner Lieutenant Dan invested some of the profits from the Bubba Gump Shrimp Company in “some kind of fruit company.”

If Gump was real and if he was still clinging on to his investment today, he could have a staggering 12 million shares in the Cupertino company, worth around $7 billion.

AAPL Stock Bounces Back Above $600 In After Hours Trading


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In the last two weeks, Apple’s share price has plummeted over $60 from its all-time high ahead of reports suggesting that iPhone growth was stalling at domestic carriers. Today, though, Apple has again hurtled past the $600 barrier in after hours trading after Cupertino announced yet another record breaking quarter.

Looks like we can look forward to another three months of stock growth, until the next silly pre-earnings call investor scare.


Apple Announces $45 Billion Shareholder Dividend & Stock Repurchase Plan



The conference call announced for 9 a.m. this morning hasn’t even happened yet, and Apple’s already announced what they are doing with the cash: initiating a $10 billion share repurchase plan, as well as issue dividends and make strategic investments. All told, they expect to spend $45 billion over the next three years.

We’ll give you more details when the call starts, but for now, here’s the press release.

Apple Stock Hits Historic High Of $500 Per Share Ahead Of iPad 3 Launch


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Yup, it’s finally happened: buoyed by the imminent launch of the iPad 3, Apple (AAPL) stock has just hit a historic high of over $500.00 a share, and now is worth a $466.29 Billion, over $70 billion more than the world’s second most valuable company, Exxon Mobil.

That’s amazing, but there’s still plenty of room to grow, believe it or not. In fact, Piper Jaffray analyst Gene Munster believes that Apple could go as high as $1000 per share, at which point, every man, woman and child on this Earth will be an Apple employee, grown to order in special chemical vats in Brazil and China, but designed, as ever, in Cupertino, California.

Install Apple’s Stock iPhone Apps On Your Jailbroken iPad With Belfry



Some of Apple’s stock iPhone apps would work wonderfully on the iPad, such as Clock, Stocks, Weather, and Calculator. But the Cupertino company seems to have no plans to port these apps over to the larger device. After all, I’m sure if it did we’d already have them by now.

But thanks to a new utility for jailbroken iPads called Belfry, you can port them over yourself.

Apple Stock Soars To All-Time High Today At $427.75 Per Share


Apple stock all-time high January 2012

Good news for Apple shareholders: stock reached an all-time high during mid-day trading today, peaking at $427.75 per share. The last record was set in October of 2011 at $426.70 per share. Despite some slightly tumultuous times on Wall Street after Apple failed to meet analyst expectations with its fourth-quarter earnings report, Apple stock has continued to climb to new heights year after year. The company will announce its earnings from the first-quarter of 2012 (or the 2011 holiday season) on Tuesday, January 24th. Apple also released its proxy statement for 2012 to investors this afternoon, in which it is revealed that CEO Time Cook received a total of $376,180,000 in compensation for 2011.