Apple’s Gained 1% a Week, On Average, for 10 Years

Shares of Apple ($AAPL) are up again today making the company not only the most valuable company in the world, but also the company valuable company that’s ever been.

A few days ago, I tweeted that Apple has gained an average of 1% a week for the last ten years. The key word here is on “average.”

Let’s check the math. On April 17, 2003, Apple closed at $13.12. Adjusted for splits, that comes to $6.56. Tomorrow will mark 488 weeks which is roughly nine years and four months.

Going by today’s high of $674.88, Apple is up over 102-fold since April 17, 2003. Compounded per week, that works out to 0.954%. That also doesn’t include the dividend which Apple recently instituted.

Posted by on August 21st, 2012 at 10:57 am


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