Personal Finance Posts

When Did Apple Go Public?

The story of Apple Inc. (APPL), formerly Apple Computer, Inc., and Apple stock, is perhaps the most iconic story of any startup company in modern history. Founders (and college dropouts) Steve Wozniak and Steve Jobs, whose differing personality styles came together over their mutual love for building computers, began collaborating in Jobs’ garage.

The Origins of Apple

With Wozniak handling technical details of the groundbreaking Apple I personal computer and Jobs using his business skills to raise money and generate orders, Apple Computer, Inc. was formally founded on April 1, 1976. In less than five years, Apple went public with an initial public offering date of December 12, 1980.

An investment of $990 made the day of Apple’s IPO would have generated over $442,225 after stock splits and dividends. If you had invested $990 right after Apple’s IPO, assuming that you could purchase each share of Apple at its IPO price of $22, you would have 45 shares. After Apple’s four stock splits, you would have over 2,500 shares of the company today.

The Influence of Steve Jobs

Steve Jobs quickly became the face not only of Apple but also of the microcomputer revolution itself. The release of the iconic Macintosh computer in 1984 sparked a significant milestone in the use of personal computers not just in the office, but in the home and classroom as well. But Jobs’ strong personality clashed with others on the company’s Board of Directors, culminating in CEO John Sculley forcing Jobs out of Apple in 1985.

It seemed as though Jobs was gone for good, but he was far from finished with contributing to Apple’s success. In 1997, Jobs returned to the helm of Apple as the company was on the verge of bankruptcy. The following decade yielded a stunning string of successful product launches that substantially defined how technology could complement everyday life. His successes included the iMac, iPod, iTunes, iTunes Store, Apple Store, App Store, iPad, and the iPhone, which revolutionized the way we work, play, and process information in the Digital Age.

Dressed in his trademark blue jeans and black turtleneck, Jobs would take the stage; by the time he was finished with his keynote address, Apple’s stock price may have skyrocketed. Investors began to take positions based on rumors of what Jobs might say in advance to get a jump on the next big thing. Jobs died of cancer in 2011, but his legacy of innovation with Apple has left an indelible mark on the world.

As for Apple itself, the company currently holds the world’s largest market capitalization at approximately $931 billion. The high performance of the stock makes it a perpetual favorite of investors worldwide. The challenge is the stock is trading at about $182.00 per share as of June 2018, which presents challenges to investors on a budget who would still like to own part of Apple.

How Can I Invest in Apple Stock?

Fortunately, services like Stockpile allow you to purchase fractional shares of stock in companies like Apple with no strings attached. For example, if your goal is to invest $25 per week, you can easily buy one-eighth of a share of Apple stock per week through the Stockpile app and let the earnings and dividends rollover to increase your position over time.

You may not be able to afford to buy whole shares of Apple stock at once, but by automatically purchasing fractional shares based on your budget, you will be able to build your portfolio any way you want while still owning iconic, high-performing companies like Apple, Inc.

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