Technology giant Apple went public exactly 38 years ago, and one thing is clear: If you had bet on the company in its early days, your gamble would have paid off, big time.
A $1,000 investment in Apple on the day of its initial public offering, or IPO, on December 12, 1980, would be worth around $430,000 today, according to CNBC calculations. That includes price appreciation and dividends.
While Apple's stock has performed well, any individual stock can over- or under-perform and past returns do not predict future results. Apple's stock price has been falling lately, primarily due to fear that iPhone sales have peaked and the brewing trade war with China.