If You Invested $1000 In Apple When Steve Jobs Returned To Apple 28 Years Ago, Here’s How Much You’d Have

On this day 28 years ago, tech legend Steve Jobs returned to the company he had founded alongside Steve Wozniak in 1976 in his parents’ home in California. While Apple Inc. (NASDAQ:AAPL) is currently the world’s second-largest company by market capitalization, it wasn’t always smooth sailing for the iPhone maker.

The tech giant opted to acquire NeXT toward the end of 1996, bringing Jobs back to the company a little over 11 years after he was unceremoniously ousted.

Apple 2.0

Although Jobs didn’t immediately assume the role of Apple CEO, it marked his return to the company’s management for the first time since his departure in 1985 due to a fallout with John Sculley.

Jobs played a pivotal role in breathing a fresh lease of life into Apple, but in the 11-year exile, he built NeXT and Pixar, both of which proved to be masterstrokes.

Jobs was brought back as an advisor, and he recommended the company’s board to appoint Gil Amelio as the interim CEO before eventually taking over a few months later.

See Also: If You Invested $1000 In Apple When iTunes Was Launched 23 Years Ago Today, Here’s How Much You’d Have

Subsequently, Jobs would oversee a much-required streamlining of products and a life-saving partnership with rival Microsoft Corp. However, that is a story for another day.

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

Apple stock price from Feb. 4, 1997, to today

Apple’s stock, adjusted for stock splits and other corporate actions, was $0.137277 on Feb. 4, 1997.

Its stock price today is $184.4, which is an increase of 134,227% during this period.

Value of a $1,000 investment in Apple stock, and the Nasdaq and S&P 500 indices, respectively, from Feb. 4, 1997, to today

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

Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $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 multiple industry and segment-defining products. 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…