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ShawnyMcKnight t1_j9auduc wrote

Reply to comment by VoidAndOcean in A first-generation iPhone from 2007 sold for $63,356 at auction — more than 100 times its original price by dakiki

Not really, this is 100x more, the stock didn’t jump 100x

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VoidAndOcean t1_j9av1ml wrote

A bit more than that actually.

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bobartig t1_j9bo4zw wrote

Not quite. Apple's stock increase from mid 2007 (when the iPhone was released) to today is around 38x when using the "adjusted close" price from June 29, 2007 and present day. That accounts for splits and dividend payments in some fashion, and I'm not going to dive too deeply into the best prices to use (because I have no useful input into that question), but the math is pretty close whichever way you look at it.

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