If you had invested $100 in Apple stock when Steve Jobs stepped down as CEO in 2011, this is how much you would have now


Investors who have put their money into major US indices have seen respectable returns since the summer of 2011. The SPDR S&P 500 ETF SPY, Invesco QQQ Trust Series 1 QQQ and SPDR Dow Jones Industrial Average ETF Trust DIA have yielded 224.80%, 449.05% and 176.82%, respectively. †

As well as investors in the major US indices have been doing since 2011, investors in the broader consumer electronics, software and online services sectors have fared even better. For historic returns on investment since 2011, look no further than Apple Inc AAPL and the legendary impact the late CEO Steve Jobs had on the consumer technology industry.

On August 25, 2011, Apple’s board of directors announced that Jobs had resigned as CEO. The board has named Tim Cook, formerly Apple’s chief operating officer, as the company’s new CEO. Jobs was elected chairman of the board and Cook joined the board, the moves took effect immediately. Jobs died shortly after on October 5, 2011 at the age of 56 from pancreatic cancer.

See also: Why Rehiring Steve Jobs Was the Best Move Apple Ever Made

Return of Apple since 2011: After Jobs fired, this is the $100 amount invested in Apple stock on August 25, 2011, at the then split-adjusted stock price of $13.70 would be worth today: $ 960.29 for a return of 860.29%.


This post If you had invested $100 in Apple stock when Steve Jobs stepped down as CEO in 2011, this is how much you would have now was original published at “https://www.benzinga.com/trading-ideas/movers/22/03/26009989/if-you-invested-100-in-apple-steve-jobs-stepped-down-as-ceo”

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