How much money would you get if you invested $1,000 in Apple when Steve Jobs returned to Apple 28 years ago – Apple (NASDAQ:AAPL)

On this day 28 years ago, a legend in the world of technology Steve Jobs returned to the company he co-founded steve wozniak In 1976, at my parents’ home in California.meanwhile Apple. (NASDAQ:AAPL) is currently the world’s second-largest company by market capitalization, but it hasn’t always been smooth sailing for the iPhone maker.

Tech giants opted for acquisitions Next Jobs returned to the company in late 1996, more than 11 years after he was unceremoniously fired.

apple 2.0

Mr. Jobs did not become Apple’s CEO immediately, but it was his first return to the company’s management team since he stepped down in 1985 due to conflicts with Apple. john scully.

Jobs played a pivotal role in breathing new life into Apple, but during his 11 years in exile he founded NeXT and Pixar, both of which proved to be masterpieces.

Mr. Jobs was recalled as an advisor and recommended the next appointment to the board. Gil Amelio He started as interim CEO and was eventually appointed a few months later.

SEE ALSO: If you invested $1,000 in Apple when iTunes was launched 23 years ago today, here’s what you would have earned

Jobs would then oversee much-needed product streamlining and a life-saving partnership with a rival. Microsoft Corporation However, that is a story for another day.

Let’s take a look at how Apple stock has fared since Steve Jobs returned to the company 28 years ago.

Apple’s stock price, adjusted for stock splits and other corporate activities, was $0.137277 on February 4, 1997.

The current stock price is $184.4, an increase of 134,227% during this period.

If you had invested $1,000 in Apple stock on February 4, 1997, you would have $1,343,269 today.

Similarly, if you invested $1,000 in an index fund that mimics the Nasdaq, you would earn $11,038.

A similar $1,000 investment in an index fund that replicates the S&P 500 would be worth $6,140.

Laser focused execution

Under Jobs’ leadership, Apple launched products that defined multiple industries and segments. Its crown jewel, the iPhone, was also a product of Jobs’ vision, especially at a time when clunky smartphones and communicators were the norm.

Some of the iconic products Apple launched under Jobs include the Apple I, Apple II, Macintosh, iPod and iTunes, MacBook, iPhone, and iPad.

It wasn’t just the execution that made Jobs a legendary leader. His visionary approach is well known and remains a source of inspiration more than a decade after his death.

“You can’t connect the dots looking forward. You can only connect the dots looking back. So you have to believe that the dots will somehow connect in the future,” he once said.

next big thing

The idea was partially conceived by Jobs while he was still at the helm of the company. apple vision pro It’s probably the most ambitious launch from Cupertino since Jobs’ death.

The Vision Pro’s $3,500 price tag is considered steep by some, but Apple is going all-in on its mixed reality headset.

Tim Cook, Jobs’ right-hand man at the time and now CEO, thinks Vision Pro’s technology is “amazing.”

“We live in a 3D world, but the content we enjoy is flat,” he said.

Apple Vision Pro is off to an ‘impressive’ start, according to analyst Ming-Chi Kuomeanwhile Dan Ives of Wedbush is optimistic that Apple can sell 600,000 units by the end of 2024.

Apple has already managed to sell 160,000 to 180,000 units of the Vision Pro, but it remains to be seen whether it will exceed analysts’ expectations by the end of the year.

See more Consumer Tech coverage from Benzinga. follow this link.

Read next: If you invested $1,000 in Apple when the iPad launched 14 years ago, here’s how much money you’d have today.

Photo credit: Anthony Sigalas on Flickr