Apple Stock: From $2K to Over $2 Million in 25 Years of Innovation and Growth
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Apple's stock rose over 6,000% during Steve Jobs' second tenure from 1997-2011. A $2,000 investment then would be worth $137,200 by 2011.
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Under Tim Cook since 2011, Apple stock has risen 1,150% and paid dividends. That same $2,000 invested with Cook as CEO would now be worth over $2 million.
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iPhone still drives over 50% of Apple's revenues, but services like Apple Music and Apple TV+ now generate 20% of revenues.
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Apple has over $173 billion in cash and investments to expand through acquisitions and new products.
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Apple stock has struggled recently, but its business fundamentals remain strong for patient long-term investors.