"Apple's 2011 Investment: How $2,000 Grew Over Time"

1 min read
Source: The Motley Fool
"Apple's 2011 Investment: How $2,000 Grew Over Time"
Photo: The Motley Fool
TL;DR Summary

If you had invested $2,000 in Apple on the day Tim Cook took over as CEO in 2011, your investment would have grown to $137,200 by fiscal 2011 and to $2.03 million after including reinvested dividends under Cook's leadership. Despite initial doubts, Apple continued to thrive under Cook, with its revenue growing at a CAGR of 11% to $383.3 billion by fiscal 2023. The company expanded its services business and still has room to grow, making it an attractive investment option for the long term.

Share this article

Reading Insights

Total Reads

0

Unique Readers

2

Time Saved

4 min

vs 5 min read

Condensed

89%

80785 words

Want the full story? Read the original article

Read on The Motley Fool