Apple Incorporated (AAPL) is the world’s largest company by market capitalization, boasting a value of $997.55 on November 2, 2018. On August 2, 2018, the global tech giant and smartphone manufacturer became the first company to reach a market cap of $1 trillion. Apple announced its Q4 2018 earnings on November 1, 2018. The global tech giant reported $62.9 billion in revenues this quarter, nearly a 20% increase from $52.6 billion over the same period last year.
In order to fully appreciate Apple’s growth from a $22 IPO in 1980 to a $222 share price as of November 1, 2018 market close, here’s a breakdown of the company’s growth and stock split history.
1980: Apple IPO
Apple launched its initial public offering on December 12, 1980. If you had purchased 10 shares of Apple at the company’s IPO price of $22 per share, they would have cost you $220. Four stock splits and nearly 30 years later, you would own approximately 560 shares of AAPL.
1987: Two for One Stock Split
Apple’s first stock split occurred on June 16, 1987. Since Apple issued a two for one stock split, you would own 20 shares valued at $41.50 each as of June 16, 1987 market close. Your initial investment would be worth $830.
2000: Two for One Stock Split
Apple’s second stock split occurred on June 21, 2000. At this point, you would own 40 shares of Apple stock, valued at $101.25 as of June 20, 2000 market close. Your initial investment would be worth $4,050.
2005: Two for One Stock Split
Apple issued its third two for one stock split on February 28, 2005. Following the move, you would own 80 shares of Apple stock valued at $44.86 as of February 28, 2005 market close. Your initial investment would be worth $3,588.80.
2014: Seven for One Stock Split
Apple issued its fourth stock split on June 9, 2014, this time at a rate of seven to one. Thereafter, your 80 shares would have become 560 shares. Apple closed at $93.70 on June 9, 2014, making your initial investment worth $52,472.
Present-Day Value From an Apple IPO Investment
Apple closed at $222.22 on November 1, 2018. At that price, your initial investment of $220 into 22 shares would be worth $124,443.20, not including dividends. Put another way, that’s a 56,465.09% return on your initial investment.