{"id":237242,"date":"2024-06-27T19:14:19","date_gmt":"2024-06-27T19:14:19","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/27\/how-much-a-1000-investment-in-apple-stock-10-years-ago-would-be-worth-today\/"},"modified":"2025-06-25T17:15:57","modified_gmt":"2025-06-25T17:15:57","slug":"how-much-a-1000-investment-in-apple-stock-10-years-ago-would-be-worth-today","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/27\/how-much-a-1000-investment-in-apple-stock-10-years-ago-would-be-worth-today\/","title":{"rendered":"How much a $1,000 investment in Apple stock 10 years ago would be worth today"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/06\/apple_growth_062724.png?w=2048\" \/><\/p>\n<p><a href=\"https:\/\/fortune.com\/company\/nvidia\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/nvidia\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Nvidia<\/a> stock may be <a href=\"https:\/\/fortune.com\/2024\/06\/20\/nvidia-stock-surge-investment-10-years-ago-ai-artificial-intelligence-chips-semiconductors\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/06\/20\/nvidia-stock-surge-investment-10-years-ago-ai-artificial-intelligence-chips-semiconductors\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">getting all of the attention of late<\/a>, but there are plenty of others outperforming the broader market. One is another member of the so-called Magnificent Seven tech stocks: <a href=\"https:\/\/fortune.com\/company\/apple\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/apple\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Apple<\/a>.<\/p>\n<div>\n<p>An investment of $1,000 in Apple in June 2014 would be worth over $10,460 at Tuesday\u2019s closing price of about $209, according to calculations from Morningstar Direct. That\u2019s cumulative growth of over 946%, and an annualized return of 26.46%. (Shares on Thursday were mostly flat, trading around $214 at 3 p.m. ET.)<\/p>\n<p>That\u2019s not quite the explosive growth <a href=\"https:\/\/fortune.com\/2024\/06\/20\/nvidia-stock-surge-investment-10-years-ago-ai-artificial-intelligence-chips-semiconductors\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/06\/20\/nvidia-stock-surge-investment-10-years-ago-ai-artificial-intelligence-chips-semiconductors\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Nvidia has experienced in recent months<\/a>, but it still <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-500\/#overview\" target=\"_blank\" aria-label=\"Go to https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-500\/#overview\" rel=\"noopener\" class=\"sc-80b85506-0 pUpMT\">far outpaces the S&amp;P 500<\/a> over the same time period. And if you were lucky enough to get in at AAPL\u2019s inception at the end of 1980, that $1,000 investment would be worth over $2.1 million today, with an annualized return of 19.22%.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-datawrapper wp-block-embed-datawrapper\">\n<p><iframe class=\"\" aria-label=\"Interactive line chart\" id=\"datawrapper-chart-LioD0\" frameborder=\"0\" height=\"427\" loading=\"lazy\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/LioD0\/2\/\" style=\"border:none\" title=\"Apple growth of a $1,000 investment\" width=\"100%\"><\/iframe><\/p>\n<\/figure>\n<p>Apple is one of seven stocks\u2014in addition to <a href=\"https:\/\/fortune.com\/company\/alphabet\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/alphabet\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Alphabet<\/a>, <a href=\"https:\/\/fortune.com\/company\/amazon-com\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/amazon-com\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Amazon<\/a>, <a href=\"https:\/\/fortune.com\/company\/microsoft\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/microsoft\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Microsoft<\/a>, Meta, Nvidia, and Tesla\u2014that drove the stock market to new heights in 2023 and into 2024. That said, it\u2019s been one of the weaker performers of the group in recent months, with earnings rising just 1% in the latest quarter and <a href=\"https:\/\/www.apple.com\/newsroom\/2024\/05\/apple-reports-second-quarter-results\/\" target=\"_blank\" aria-label=\"Go to https:\/\/www.apple.com\/newsroom\/2024\/05\/apple-reports-second-quarter-results\/\" rel=\"noopener\" class=\"sc-80b85506-0 pUpMT\">sales declining<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">&#8216;Significant innovation&#8217;<\/h2>\n<p>Still, <a href=\"https:\/\/fortune.com\/company\/bank-of-america-corp\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/bank-of-america-corp\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Bank of America<\/a> rates Apple a buy, writing in a research note published this week that the company\u2019s recent introduction of AI capabilities, called Apple Intelligence, and announcement that it will give third party developers access to more AI features \u201cshould drive significant innovation from developers.\u201d\u00a0<\/p>\n<p>\u201cWe view conversational AI with context and privacy as key to monetization of the installed base of Apple devices over time with increased productivity, higher priced apps, increased subscription and payments from partners,\u201d BofA\u2019s Wamsi Mohan writes in the report.<\/p>\n<p>Mohan also points to a likely increase in consumers upgrading their iPhones in the coming years\u2014to have access to new AI features under development\u2014and Apple\u2019s ability to expand its services and other offerings as reasons to invest. In a best-case scenario, existing customers will race to upgrade their phones and iPads to get access to the AI, and those loyal to other operating systems may make the switch.<\/p>\n<p>On the downside, softening consumer spending in general could impact the company, possibly leading to weak iPhone 15 sales\u2014and longer iPhone replacement cycles generally. Customers may also simply not be interested in the Apple Intelligence features, and demand could turn tepid after initial interest wanes. Mohan also points to two <a href=\"https:\/\/fortune.com\/2024\/03\/21\/apple-antitrust-lawsuit-smartphones-department-of-justice-iphone\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/03\/21\/apple-antitrust-lawsuit-smartphones-department-of-justice-iphone\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">antitrust cases<\/a> in the U.S. <a href=\"https:\/\/fortune.com\/2024\/05\/02\/google-antitrust-trial-monopoly-search\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/05\/02\/google-antitrust-trial-monopoly-search\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">currently ongoing<\/a> that could negatively impact the company, among other concerns.<\/p>\n<p>Also at play: Because the S&amp;P 500 is weighted by market cap, the movements of companies like Apple and the rest of the Magnificent Seven\u2014either up or down\u2014<a href=\"https:\/\/fortune.com\/2024\/06\/21\/nvidia-microsoft-apple-meta-google-amazon-broadcom-ibm-index-wall-street\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/06\/21\/nvidia-microsoft-apple-meta-google-amazon-broadcom-ibm-index-wall-street\/\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">can have an outsized impact<\/a>. That&#8217;s led some analysts and financial advisors to caution that the tech giants could be a bit overvalued, which may affect retail investors who are pouring more and more money into index funds.<\/p>\n<\/div>\n<div data-cy=\"subscriptionPlea\">Subscribe to the Fortune Next to Lead newsletter to get weekly strategies on how to make it to the corner office. <a href=\"https:\/\/fortune.com\/newsletters\/next-to-lead?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=next_to_lead\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/newsletters\/next-to-lead?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=next_to_lead\" class=\"sc-80b85506-0 pUpMT\" rel=\"noopener\">Sign up for free<\/a>.<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/06\/27\/how-much-a-1000-investment-in-apple-stock-10-years-ago-would-be-worth-today\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Nvidia stock may be getting all of the attention of late, but there are plenty of others outperforming the broader market. One is another<\/p>\n","protected":false},"author":1,"featured_media":237243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/237242"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=237242"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/237242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/237243"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=237242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=237242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=237242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}