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U.S. debt is even worse than it seems, and rising Treasury yields are now an 'all-hands-on-deck situation,' top economist warns

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China's export shock is pushing the global economy to a breaking point, and the U.S. may have to clean up the mess, former trade official says

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Kevin O'Leary says if you earn $68,000 a year and follow this rule, you'll retire a millionaire

Apple from 1980 to 2012

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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October 5, 2012, 11:25 AM ET
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FORTUNE — Since June, ISI’s Brian Marshall has been sending his clients a daily Tech Tidbit that begins “Did you know?”


Jobs. Photo via apple.com

On Friday, to commemorate the one-year anniversary of Steve Jobs’ death, he offered this summary of Apple’s (AAPL) history as a public company:

  • Steve Jobs co-founded Apple in 1976 and the company went public in 1980 raising about $100 million at a split-adjusted IPO price of $2.75 per share.
  • After reaching roughly $8 per share in 1983 (with annual revenue near $1 billion), the stock fell to below $2 per share when Jobs left the company in 1985.
  • Jobs returned to Apple in late 1996 (following the company’s purchase of NeXT for about $400 million) with the stock approaching $4 per share and annual revenue rapidly declining from the $10 billion level.
  • When Jobs passed the baton to current CEO Tim Cook last year, annual revenue had reached $110 billion, the stock was at roughly $380 per share and Apple’s market capitalization had reached $360 billion (for a 100-fold return in about 15 years or about 35% compound annual growth rate ).
  • Since then, the stock has appreciated another 75% (for an approximate 170-fold return in about 16 years or roughly 38% compound annual growth rate).
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By Philip Elmer-DeWitt
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