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One of the biggest reasons is due to its former dynamic leader, Steve Jobs.
He didnt return to the company until 1997 when he became the interim CEO of Apple.
Though, Black Monday hit hard and Apple stock dropped around 25 cents per share within one month.
Investors during this time would have doubled their money, but things were about to get even better.
How Steve Jobs Turned Apple Stock Around
Steve Jobs was named interim CEO in July of 1997.
He quickly installed a new executive team and started the now famous Think Different branding campaign.
In August 2011, Steve Jobs stepped down as CEO of Apple due to his declining health.
At that point, Apple stock had risen to $13.74 per share.
If You Had Invested Then, How Much Would You Have Today?
But what if you bought less or maybe more Apple stock back then.
Heres how much Apple stock would be worth today if you bought after Steve Jobs returned.
Apple stock has had an incredible run.
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