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Apple (AAPL) dropped down to $0.12 in Dec 1997. 27 years later, stock price hit its high of $260.10 in 2024 Dec. 2167x. That's a mighty impressive run by Ste
by canucker2016 2y ago
Apple (AAPL) dropped down to $0.12 in Dec 1997.
27 years later, stock price hit its high of $260.10 in 2024 Dec.
2167x.
That's a mighty impressive run by Steve Jobs and Tim Cook.
- wkat4242 2y agoYeah but that was their worst moment. Michael Dell joked someone should buy Apple for a few bucks and put them out of their misery. Of course history went another way but it was pretty close. And really, Steve Jobs wouldn't have been the leader he was without NeXT and Pixar. It was unfair how he got fired by Pepsi guy (Edit: That was John Sculley, I had forgotten his name) but he wasn't ready to lead Apple the size it was at that time. Things just came together at just the right moment.
- cheema33 2y agoI have occasionally wondered about that. If Steve Jobs did not get fired by Sculley, would we still have the Apple we do today. I lean towards unlikely. I do think Steve had some growing up to do.
- joezydeco 2y agoI still hold the theory that the entire success of Apple post-1997 hinged on iTunes for Windows. iMac and iPod were good products but iPod was stumbling along as a Mac-only product. Letting PC users use iPods opened the cash floodgates and let the iPhone get developed.