Apple (NASDAQ:AAPL) has outperformed the market over the past 15 years by 22.47% on an annualized basis.
Buying $1,000 In AAPL: 15 years ago, an investor could have purchased 321.62 shares of Apple at the time with $1,000. This investment in AAPL would have produced an average annual return of 30.08%. Currently, Apple has a market capitalization of $2.57 trillion.
Apple's Share Price Over Last 15 Years
This $1,000 investment would be worth $50,690.09 today based on a price of $157.68 for AAPL at the time of writing.
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
