Home » Crash of 1987
Posted on 5 March 2011 | 9,369 views

Apple AAPL Stock Price on October 19, 1987

When Apple went public, it generated more capital than any IPO since Ford Motor Company in 1956 and instantly created more millionaires (about 300) than any company in history. The stock opened at $22 on the day of the IPO and closed at $29. Over 40 employees who left work at Apple on December 11 as working stiffs came to work next day as millionaires after the company went public on December 12, 1980.

Apple Computer stock crashed on October 19, 1987 and its stock closed at $36.50 — down $77.75 (-24.4%) per share on the day. If you held just 1 share of Apple on that day, you would currently own 4 shares and it would be worth $1,440.00 adjusted for stock splits as of March 4, 2011.

About Apple

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets.

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