Apple from 1980 to 2012October 5, 2012: 11:25 AM ET
In 32 years, the value of the company Steve Jobs founded increased 6.2 thousandfold
FORTUNE -- Since June, ISI's Brian Marshall has been sending his clients a daily Tech Tidbit that begins "Did you know?"
On Friday, to commemorate the one-year anniversary of Steve Jobs' death, he offered this summary of Apple's (AAPL) history as a public company:
- Steve Jobs co-founded Apple in 1976 and the company went public in 1980 raising about $100 million at a split-adjusted IPO price of $2.75 per share.
- After reaching roughly $8 per share in 1983 (with annual revenue near $1 billion), the stock fell to below $2 per share when Jobs left the company in 1985.
- Jobs returned to Apple in late 1996 (following the company's purchase of NeXT for about $400 million) with the stock approaching $4 per share and annual revenue rapidly declining from the $10 billion level.
- When Jobs passed the baton to current CEO Tim Cook last year, annual revenue had reached $110 billion, the stock was at roughly $380 per share and Apple's market capitalization had reached $360 billion (for a 100-fold return in about 15 years or about 35% compound annual growth rate ).
- Since then, the stock has appreciated another 75% (for an approximate 170-fold return in about 16 years or roughly 38% compound annual growth rate).