If you bought Apple shares instead of new iPhones every time, you’d have a small fortune now
There’s a tweet going around on social media saying that if you bought Apple stock instead of spending money on iPhones every time a new line comes out, you’d now have hundreds of millions of dollars. It is, of course, more of an urban legend than the truth.
The math is inexorable and wrong in this case, because if you had spent $20,000 on Apple stock every time the rumors about the arrival of a new iPhone first leaked to the public, today you would have at best $1.5 million in your account. . And that is the best situation assuming that you are clairvoyant or already have your own time machine, and that you already knew back in 2007 when Apple would launch phones and at what price.
It is much more realistic if you assume and imagine a situation where instead of buying a high-end iPhone every time Apple releases a new line, you spend the same amount on buying Apple stock. If you had done that, according to the calculations, you would have spent about $16,000 on new iPhones over all these years, which is about $20,000 in current US currency.
If you had bought Apple stock instead, you would have about $147,000 today, or a net profit of about $131,000. The reason is simple, the value of the Apple company on the stock market has increased significantly since the release of the first iPhone. Journalists from the Techcrunch portal dealt with this interesting calculation.
Who is to blame when you are addicted to technological gadgets, like me and others like us.