If you invested $1,000 in Apple in 2009, here’s how much you’d have now

By Shawn M. Carter

Apple shares gained almost 5% Wednesday, following the release of its earnings report Tuesday, with the company’s current share pricehovering around $210.

If you invested in Apple 10 years ago, that decision would have paid off. According to CNBC calculations, a $1,000 investment made on May 1, 2009, would be worth more than $13,000 as of midday May 1, 2019, for a total return of more than 1,200%.

Over the same period, the S&P 500 returned just over 300%.

And, thanks to trade-ins, lower prices on iPhones, and improved trade talks between the United States and China, some analysts seemed optimistic about the company’s stock overall.

“We believe Apple has locked up strong share of the premium tier market and will continue to dominate high-end smartphones sales and capture the vast majority of smartphone profits for the next several years,” according to financial services firm Canaccord Genuity.

CNBC: Apple stock as of May 1, 2019.

Still, while Apple’s stock has ticked up recently and done mostly well over the years, any individual stock can over- or underperform and past returns do not predict future results. And even though the company reported earnings of $2.46 per share for its most recent quarter, beating estimates by 10 cents a share, it saw its second consecutive overall quarterly revenue decline.

Apple is looking outside of smartphones to increase sales. Chief Executive Officer Tim Cook underlined two growing businesses during his call with analysts: Apple Services, which includes things like Apple Music and iCloud, and Apple Wearables, which includes AirPods and the Apple Watch.

“It was our best quarter ever for services, with revenue reaching $11.5 billion,” Cook said. Services revenue was up 16% from $9.19 billion in sales from a year earlier.

If you’re looking to get into investing, seasoned investors such as Warren Buffett suggest you start with index funds, which hold every stock in an index, meaning they’re automatically diversified and tend to be low cost. Plus, because they fluctuate with the market, they’re typically less risky than picking individual stocks.

Here’s a snapshot of how the markets look now.

This article was first published by CNBC https://www.cnbc.com/2019/05/01/what-a-1000-in-apple-in-2009-would-be-worth-now.html and is republished with its permission.

Related Content

South Africa’s rand steadies, stocks to open higher

JOHANNESBURG (Reuters) - South Africa's rand steadied early on Monday after selling in the previous session as rising interest rates in the United States...

Apple co-founder Wozniak bought bitcoin at $700 for fun: ‘Now I’m way up’

Apple co-founder Steve Wozniak revealed he bought bitcoin when it was at at $700.

Winning! Investing costs have never been this cheap

The average expense ratio for mutual funds and exchange-traded funds hit a record low in 2016, according to Morningstar.

Dow sheds 370 points; stocks close lower and wipe out monthly gains on Trump fears

The Dow and S&P recorded their worst day since September of last year. The Nasdaq composite posted its worst session since June 24.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

How COVID-19 impacts access to sustainable energy in SSA

The World Bank says despite accelerated progress over the past decade, the world is expected to fall short of the SDG 7 target. In its just-released 2020 edition of the Energy Progress Report, the World Bank says under current policies, an estimated 8 per cent of the global population will not have access to electricity by 2030, and 90 per cent of them will be in sub-Saharan Africa. Makhtar Diop, the Vice President for Infrastructure at the World Bank joins CNBC Africa to discuss the findings of this report.

How Africa is hooking up the wilderness with the universe to help NASA in the space race.

Work at the Deep Earth Station is likely to see the biggest influx of people and equipment into Majtiesfontein since the Anglo-Boer War when it was home to British 12,000 troops.

Nigeria’s MPC cuts benchmark rate to 12.5%

In a surprise move, Nigeria Monetary Policy Committee cut its main policy rate by 100 basis points to 12.5 per cent and maintained other parameters constant in its third meeting of the year. Bismarck Rewane, CEO of Financial Derivatives and Muda Yusuf, Director-General of the Lagos Chamber of Commerce and Industry joined CNBC Africa’s Wole Famurewa for a post-analysis of this decision....

How will MPC’S 100bps rate cut impact equities?

Following Nigeria’s Monetary Policy Committee's decision to cut the benchmark interest rate to 12.5 per cent, Ahmed Jinad a Research Analyst at Meristem Securities joins CNBC Africa to discuss the implication of this move on Nigeria’s equities market....

Partner Content

Building Africa’s Biggest Digital Classroom

An enduring lesson learnt throughout our 175-year existence is that, while things rapidly change around us, the things that truly matter don’t!...

Op-Ed: Africa’s people-led approach to combat COVID-19 shows signs of progress and leadership

In its fight against the spread of COVID-19, our continent faces a massive challenge that requires unprecedented levels of unity and coordinated action. These are the actions the African Union is taking to fight the pandemic.

Trending Now

Dubai gives the green light to reopen gyms, movie theaters and other non-essential businesses as lockdown lifting continues

Key Points: The Dubai government announced new measures to lift restrictions on businesses, allowing gyms, movie theaters, leisure...

India is set to report a sharp slowdown as the pandemic hits its economy — and things could get even worse

Key Points India is set to report growth numbers for the first three months of this year, and...

Zuckerberg defends Facebook from Trump’s crackdown and everything else you missed: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today’s show, Mark Zuckerberg tells CNBC why Facebook is not an “ar

Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.
- Advertisement -