If you would have invested apple

If You Invested $100 in Apple’s IPO, This Is How Much Money You’d Have Now

Extreme patience would have been required to stick with Apple through the 1990s, but it would have been worth it.

Apple (NASDAQ:AAPL) is one of the most fascinating business success stories of all time. It would have been impossible to imagine in the late 1970s how two guys (Steve Jobs and Steve Wozniak), making circuit boards in a garage, were starting down a path that would create one of the most iconic consumer brands in the world.

Today, Apple has 1.4 billion active users around the world, 137,000 employees, and $260 billion in annual revenue. But how much money would you have in the stock if you bought at the IPO?

Image source: Getty Images.

The results of patient investing

Apple first sold shares to the public on Dec. 12, 1980, at $22 per share. The stock has split four times — three times at 2-for-1, and one split at 7-for-1. This means you would have received two shares for every one share, or seven shares in that one case. The way stock splits work is that you receive more shares but the stock price is cut proportionally, so the value of your investment stays the same.

If you had bought just one share of Apple, you would own 56 shares today after the stock splits. Those shares would be worth $14,896 at the current price of $266 per share.

A $100 investment would have purchased 4.54 shares at the IPO price. After the stock splits, you would now be the lucky owner of 254 shares of Apple, which would currently have a value of $67,564.

By comparison, one of the first Apple computers ever made was recently auctioned off by Christie’s for $477,000. The Apple 1 originally retailed for $666.66 in 1976 and only 200 were made.

The return in Apple stock doesn’t sound like a lot since we’re talking about one of the greatest tech companies ever. However, that’s only for a relatively small investment of $100. In percentage terms, Apple stock has compounded at 18% per year since its IPO price. That means that if you had invested $10,000 in Apple in 1980, you would have about $6.7 million.

Dividends would have padded your investment return somewhat. Apple first paid a dividend in 1987, but financial trouble caused the company to suspend dividend payouts in 1995. After selling millions of iPods, iPhones, and iPads, and raking in billions in profits, Apple reinstated the dividend in 2012. The company currently distributes a quarterly payout of $0.77 per share. With 254 shares, you would be earning $782 every year in dividend income — a nice return on an original investment of just $100.

Deep faith in the Apple brand would have been required

It wouldn’t have been easy to hold Apple all those years. In fact, it would have been a smart move to sell Apple and buy shares of Microsoft in the early 1990s. After Steve Jobs resigned from Apple in 1985, the company entered a dark period. Management during those years focused more on profits instead of making great products, as Jobs explained in the biography Steve Jobs by Walter Isaacson. Apple lost a significant amount of market share to Microsoft during that time.

But most of us know how the story ends. Jobs officially returned to the company in 1997. He discovered the brilliant design work of Jony Ive, who had been working for Apple since 1992. Following the philosophy that less is more, the duo went on to design incredibly successful products and fulfilled Jobs’ vision to change the world.

At the heart of Jobs’ design approach was to make technology accessible for everyone. Some thought it was a crazy idea that people would find any use for a computer in the early 1980s, but the Mac changed the idea of what a computer could be. Jobs’ thinking influenced the design of the iPod, which was first introduced in 2001. It was the first user-friendly MP3 player that features a simple interface, a scroll wheel to navigate, and the built-in support of iTunes to legally buy all your songs. The built-in user base of the iPod laid the foundation for Apple to sell tens of millions of iPhones and iPads later on.

Jobs’ ideas have filtered through the company so completely that it has even influenced the design of Apple’s new campus, Apple Park, in Cupertino, California.

Apple is not floundering in the second post-Jobs era the way it did between 1985 and 1995. Apple stock is currently hitting new all-time highs, as the company sees strong growth from its wearables and services segments. Its user base also continues to gradually expand around the world each year.

Apple’s ongoing success after Jobs’ death in 2011 is a testament to his leadership skills. Despite the fact that Jobs was famously difficult to work for, it’s obvious that he established a culture for excellence that should carry Apple forward for many years.

Most of us were not fortunate enough to buy Apple at the IPO, or even when Jobs returned in the 1990s. But that’s OK, because Apple still has plenty of growth potential, especially in new services like Apple TV+ and advertising. A small investment could still be very rewarding over the long haul.

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Past Unreal Conditional Exercises

Review and Examples

The past unreal conditional form, also known as the third conditional or conditional 3, is used to express imagined situations that would have happened differently under other hypothetical circumstances. This conditional talks about a fictitious past, hence the term «unreal conditional», by altering one aspect of a scenario to change its outcome.

Teachers should use this guide for teaching conditionals to introduce and practice the first and second conditional forms before discussing the third conditional as it is one of the most difficult forms to learn. Once students are comfortable with the more simple first and second conditionals, you can teach the past unreal conditional as follows.

Past Unreal Conditional

Sentences in the third conditional contain two clauses: a main clause or «if» clause and a conditional independent clause or «would have» clause. The outcome of the conditional clause is determined by the occurrences of the main clause, but both clauses are grammatically independent of each other. Because of this, the order of the two clauses does not matter.

Within each independent clause of a past unreal conditional, there are past tense verbs that can either be positive or negative (depending on whether the situation expressed is something that would have or would not have happened under different circumstances). The «if» clause of a past unreal conditional sentence contains a past perfect verb and the «would have» clause contains a conditional perfect verb.

The two past unreal conditional sentence structures are:

1. «If» + subject + past perfect verb + object[s], subject + conditional perfect verb + object[s].
2. Subject + conditional perfect verb + object[s] + «if» + subject + past perfect verb + object[s].

The only difference between the two structures is the order of the clauses and the necessary comma before the second clause in sentences beginning with a «would have» expression.

The following example sentences show the past unreal conditional clause.

• If he had finished his work on time, we would have been able to play another round of golf yesterday.
• They could have had a better day if it hadn’t rained the whole time they were at the beach.
• If the meeting had been successful, we might have become partners with Smith and Co.
• Jane would have agreed to marry Tom if he had asked her.

Past Unreal Conditional With Wish

The past unreal conditional is often used specifically to communicate an imagined, desirable result. More often than not, the scenario expressed in a past unreal conditional statement is preferable to reality. «Wish» (in the present tense) can be added to a sentence in the third conditional to express a more ideal result and past perfect verbs, again either positive or negative, accompany the subject of these sentences.

The past unreal conditional sentence structure with «wish» is: Subject + «wish[es]» + subject + past perfect verb + object[s].

• I wish I’d had more time to study when I was younger.
• She wishes she had been promoted to CEO.
• They wish that they had had the foresight to order their food sooner.

Worksheet 1

Conjugate the base verb in parentheses in the correct tense for the third conditional.

1. If they _____ (have) the time, they would have attended the meeting.
2. Jason _____ (recognize) the winner if he had been able to see them.
3. If I _____ (know) his name, I would have said hello.
4. If the president had been informed in time of the changes, he _____ (make) a different decision.
5. If Mary _____ (try) again, she would have been successful.
6. The children wouldn’t have been so upset if they _____ (give, use passive voice) the candy.
7. If Jerry _____ (spend) more money on the repair work, the car would have driven better.
8. We _____ (believe) them if they had told us the whole story.
9. She would have finished the report on time if she _____ (know) all the facts beforehand.
10. We would not _____ (go) on vacation if we hadn’t found that rental house for a great price.

Worksheet 2

Conjugate the base verb in parentheses in the correct tense for the third conditional.

1. She _____ (wish) she had known about the problems.
2. If they _____ (ask) the right questions, they _____ (receive) the right answers.
3. She wouldn’t have been allowed to speak if she _____ (disagree) with his point of view.
4. I know they _____ (wish) they had thought twice before doing that.
5. We wish we _____ (know) about those people.
6. Alice wouldn’t _____ (speak) to him if she had known what he was going to say.
7. They wouldn’t have taken her hard work for granted if she _____ (ask) them to help her prepare dinner.
8. She wishes she _____ (apply) for the bank position when it was still open.
9. If I _____ (invest) in Apple years ago, I would have become a millionaire!
10. Oliver would _____ (know) the answer if you had asked him.

Worksheet 1 Answers

Conjugate the base verb in parentheses in the correct tense for the third conditional.

1. If they had had the time, they would have attended the meeting.
2. Jason would have recognized the winner if he had been able to see them.
3. If I had known his name, I would have said hello.
4. If the president had been informed in time of the changes, he would have made a different decision.
5. If Mary had tried again, she would have been successful.
6. The children wouldn’t have been so upset if they had been given the candy.
7. If Jerry had spent more money on the repair work, the car would have driven better.
8. We would have believed them if they had told us the whole story.
9. She would have finished the report on time if she had known all the facts beforehand.
10. We would not have gone on vacation if we hadn’t found that rental house for a great price.

Worksheet 2 Answers

Conjugate the base verb in parentheses in the correct tense for the third conditional.

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Tim Cook has invested in cryptocurrency personally, but Apple has no plans to do so.

What’s your thought on cryptocurrency right now and potentially accepting it through Apple Pay or otherwise? Um, it’s something that we’re looking at. It’s not something we have immediate plans to do. I would sort of characterize it as there are things that I wouldn’t do like our cash balance. I wouldn’t go invest that in crypto, not because I wouldn’t invest my own money in crypto, but because I don’t think people buy an Apple stock to get exposure to crypto. And so if they want to do that, they can, you know, invest directly in crypto through other means. And so I wouldn’t do that and I’m not planning to in the immediate future to take crypto for our products as a mean of tender. But there are other things that we’re definitely looking at. Like what? Like, I wouldn’t want to have anything to announce today. Well, let me ask you a different question, because you just said that you might not do it personally. Do you own crypto in any Bitcoin or Ethereum? Or do you play around with this? I do. Yeah, I think it’s reasonable to own it as a part of a diversified portfolio, and I’m not giving anybody investment advice, by the way. When when did you get interested in it? I’ve been interested in it for a while and I’ve, you know, been researching it and so forth. And so I think it’s interesting.

• Published Nov. 9, 2021 Updated Nov. 11, 2021

While Apple might not offer users a way to pay with cryptocurrency anytime soon, its leader has invested in it personally.

Tim Cook, Apple’s chief executive, said at the DealBook Online Summit on Tuesday that he has bought cryptocurrencies. “I think it’s reasonable to own it as part of a diversified portfolio,” Mr. Cook told DealBook’s Andrew Ross Sorkin, quickly adding that he wasn’t giving investment advice.

It was a rare insight into how Mr. Cook manages a portion of his billion-dollar fortune. He said he has done some research on crypto and has been interested in it for “a while.” The typically volatile Bitcoin price hit a record at above $68,000 earlier on Tuesday.

The revelation came as Mr. Cook said that Apple itself did not intend to join a growing number of big businesses incorporating crypto in their operations. Tesla, for instance, began accepting Bitcoin as payment for its electric vehicles this year and bought $1.5 billion worth to hold in its corporate treasury.

Mr. Cook said, however, that Apple didn’t plan to buy any Bitcoin with its roughly $200 billion in cash — “I don’t think people buy Apple stock to get exposure to crypto,” he said — and added that it had no plans to make crypto an accepted method of payment anytime soon. “It’s not something we have immediate plans to do,” he said.

But never say never: Mr. Cook added, cryptically, “There are other things that we are definitely looking at.”

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