19 years in the past, on Sept. 7, legendary Apple Inc.’s AAPL co-founder and former CEO Steve Jobs made a transfer that might revolutionize the music business and set Cupertino on a path to changing into the tech large it’s at present.
He unveiled the iPod Nano – a glossy, compact music participant that captured the creativeness of customers and traders alike. The product was launched 4 years after the unique iPod.
However what if, as a substitute of speeding to purchase the most recent gadget, you had invested in Apple inventory? Let’s crunch the numbers and see how that $1000 would have fared.
See Additionally: Completely happy 40, Zuckerberg! If You Invested $1000 In Meta Platforms Inventory When Mark Zuckerberg Turned 30, This is How A lot You’d Have
First, let’s check out the iPod Nano’s journey:
The iPod Nano debuted as a alternative for the iPod Mini. It was notable for its flash storage, which made it smaller and extra sturdy than its predecessors. Obtainable in 2GB and 4GB fashions, it might maintain as much as 500 and 1,000 songs, respectively, and weighed 1.5 ounces.
The launch was famously offered by Jobs, who referred to the tiny watch pocket in his denims and requested, “Ever marvel what this pocket is for?” He then confirmed the machine.
In a press launch shared by Apple, Jobs mentioned, “iPod nano is the largest revolution for the reason that authentic iPod,” including, “iPod nano is a full-featured iPod in an impossibly small dimension, and it is going to change the principles for the whole moveable music market.”
Subscribe to the Benzinga Tech Tendencies publication to get all the most recent tech developments delivered to your inbox.
On July 27, 2017, in a low-key transfer with out a lot fanfare, Apple quietly phased out these two iconic iPods from their product vary — the iPod Nano and iPod Shuffle.
The iPod Nano was accessible for almost 12 years and underwent seven distinct redesigns throughout its lifespan.
Its design advanced considerably through the years, with numerous iterations showcasing a variety of colours, an built-in video digital camera, and a clip that appeared one 12 months and was eliminated the subsequent.
The design additionally shifted from tall and slim one 12 months to brief and compact the next 12 months.
That being mentioned, right here’s what your $1,000 funding in Apple inventory would have became on the time of the iPod Nano’s launch:
Apple’s inventory, adjusted for inventory splits and different company actions, was $1.7385 on Sept. 7, 2005.
Its inventory value at present is $220.82, which is a rise of 12,601% throughout this era.
Should you had invested $1,000 in Apple inventory on Sept. 7, 2005, at present, you’ll have $120,017.
Likewise, in case you had invested $1,000 in Invesco QQQ ETF, you’ll have $1,170.
An analogous $1,000 funding in an index fund that replicates the S&P 500 can be value $4,361.
What Occurred To iPods
In 2022, over 20 years after the launch of the unique iPod, Apple formally ended manufacturing of its legendary moveable music participant line.
It was the tip of the iPod Contact, which was the only real remaining mannequin within the iPod lineup, after the discontinuation of the iPod Shuffle and iPod Nano.
It might seem trivial at present, however throughout its peak, the iPod was a serious contributor to Apple’s income, typically surpassing 50 million items offered every year.
Try extra of Benzinga’s Shopper Tech protection by following this hyperlink.
Learn Subsequent:
Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
Picture courtesy: Wikimedia
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
