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VoidAndOcean t1_j9au94e wrote

Reply to comment by ShawnyMcKnight in A first-generation iPhone from 2007 sold for $63,356 at auction — more than 100 times its original price by dakiki

if they bought stock it would have been worth more.

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ShawnyMcKnight t1_j9auduc wrote

Not really, this is 100x more, the stock didn’t jump 100x

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VoidAndOcean t1_j9av1ml wrote

A bit more than that actually.

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bobartig t1_j9bo4zw wrote

Not quite. Apple's stock increase from mid 2007 (when the iPhone was released) to today is around 38x when using the "adjusted close" price from June 29, 2007 and present day. That accounts for splits and dividend payments in some fashion, and I'm not going to dive too deeply into the best prices to use (because I have no useful input into that question), but the math is pretty close whichever way you look at it.

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billnmorty t1_j9bfk1v wrote

Let’s do some math! How much was the MSRP of the original iPhone (serious question). How much was Apple stock at the time of the unveiling. How much would that stock be worth today.

I always remember the saying “if you love a product, by the stock”

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chrisnmarie t1_j9bnbqs wrote

So since they bailed.... did a lil research and so math and the answer is..... Total return = $600 x 4533% / 100%

Total return = $27,198

got the number based on a article that stated the returns for 3k in 07

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bonesnaps t1_j9dkqgd wrote

I hate Apple products, their walled garden is a fucking joke. I cannot sell the stock since I purposely don't own any.

AMA

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