The Apple stock just turned 40 – $22 invested in 1980 is worth $15,200 today

• Apple went public in 1980, offering 4.6 million shares at $22 each.
• Apple’s current market cap stands at $1.2 trillion, increasing by 69,000% since it went public.
• An investment of $22 in Apple in 1980 is now worth $15,200.

Apple went public back in 1980, and at the time, it was one of the biggest tech IPOs. Even so, hardly anyone would have guessed that Apple would end up being one of the most valuable companies in the world.

On its debut, Apple’s share price surged by 32% to end up at $29 per share. It had floated 4.6 million shares at $22 per share. So, if you had invested in one share of Apple at $22 in 1980, you would have had 56 shares now. Your $22 investment would have grown to $15,200 today. That is a whopping return of 69,000% over the course of the past 29 years.

That being said, Apple’s journey so far has not been smooth. As is the case with every company, Apple has had its share of ups and downs. As the Apple stock turns 40, let’s take a look at some of the key milestones that Apple hit along the way.