If You Invested $1,000 In Apple Stock When Tim Cook Became The CEO, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Since Tim Cook took over as CEO of Apple Inc (NASDAQ:AAPL) in 2011, the company has reached new heights, becoming the first $2 trillion and $3 trillion public company. An investment of $1,000 in Apple stock at the time of Cook's appointment would be worth $14,178.06 today, a 1,317.8% increase over nearly 12 years. This significantly outperforms the S&P 500, as a $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $3,748.97 over the same period, a return of 274.9%.
June 28, 2023 | 9:24 pm
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The SPDR S&P 500 ETF Trust (SPY) has seen a return of 274.9% since 2011, significantly less than the return on Apple's stock over the same period.
The article compares the performance of the SPY ETF to Apple's stock, showing that while the ETF has seen a positive return, it has not performed as well as Apple's stock.
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Under Tim Cook's leadership, Apple's stock has significantly increased in value, with a $1,000 investment in 2011 now worth $14,178.06.
The article highlights the significant growth of Apple's stock under Tim Cook's leadership, indicating a positive impact on the company's stock price.
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