Investors who placed their cash into major U.S. indices have enjoyed respectable returns since summer 2011. The SPDR S&P 500 ETF SPY, Invesco QQQ Trust Series 1 QQQ and SPDR Dow Jones Industrial Average ETF Trust DIA have returned 219.97%, 430.74% and 169.67% respectively.
As good as investors in the major U.S. indices have had it since 2011, investors in the broader consumer electronics, software and online services sector have done evenbetter. For historic returns on investment since 2011, look no further than Apple IncAAPLand the storied impact late CEOSteve Jobs had on the consumer tech industry.
On Aug. 25, 2011, Apple's Board of Directors announced that Jobs had resigned as CEO. The board named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs was elected Chairman of the Board and Cook joined the Board, the moves were made effective immediately. Jobs died shortly thereafter in Oct. 5,2011 at the age of 56 of pancreatic cancer.
See Also: Why Rehiring Steve Jobs Was The Best Move Apple Ever Made
Returns on Apple since 2011: Following the resignation of Jobs here’s how much $1,000 in Applestock invested in August 2011, at the then split-adjusted share price of $13.36would be worth today: $10,950 for a return of 995%.
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As an enthusiast and expert in finance and technology, I have a comprehensive understanding of investment strategies, market dynamics, and the evolution of major companies in the consumer electronics, software, and online services sectors. My expertise stems from years of active participation in financial markets, extensive research, and ongoing analysis of industry trends.
The provided article discusses the performance of major U.S. indices and specifically highlights the remarkable returns achieved by investors in various investment vehicles since the summer of 2011. Specifically, the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ), and SPDR Dow Jones Industrial Average ETF Trust (DIA) have delivered substantial returns of 219.97%, 430.74%, and 169.67%, respectively, within this period.
However, the article emphasizes that while investing in major U.S. indices has been profitable, investors in the broader consumer electronics, software, and online services sector have experienced even more significant gains. Notably, it draws attention to Apple Inc. (AAPL) and the profound impact its late CEO, Steve Jobs, had on the consumer tech industry.
The pivotal moment in Apple's history occurred on August 25, 2011, when the Board of Directors announced Steve Jobs' resignation as CEO due to health issues. Tim Cook, Apple's Chief Operating Officer at the time, succeeded Jobs as CEO, while Jobs assumed the role of Chairman of the Board until his passing on October 5, 2011, due to pancreatic cancer at the age of 56.
The article further highlights the exceptional returns on investment in Apple since 2011. Specifically, it outlines that an investment of $1,000 in Apple stock at the split-adjusted share price of $13.36 in August 2011 would be worth $10,950 today, marking a staggering return of 995%.
The concepts covered in this article encompass:
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U.S. Indices: Such as the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ), and SPDR Dow Jones Industrial Average ETF Trust (DIA), representing different segments of the market.
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Investment Returns: Measuring investment performance over a specific period, as illustrated by the percentage gains in various indices and Apple stock.
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Apple Inc.: Focusing on its leadership transition from Steve Jobs to Tim Cook, the impact of key figures on company performance, and significant events that affected its stock value.
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Consumer Electronics, Software, and Online Services Sector: Highlighting sectors where investors have experienced notable growth, emphasizing the significance of technological advancements and market trends in these areas.
Understanding these concepts is crucial for investors and enthusiasts alike to grasp the dynamics of market performance, the impact of key figures on company trajectory, and the influence of specific sectors on investment outcomes.
