Apple (AAPL): NeXT!

expectingalpha Stocks

On this day 20 years ago, Apple (AAPL) announced it was going to buy NeXT (and with it Steve Jobs) for $400M. Greatest deal ever made?

Aapl chart 20yr 20161219

For those who have asked (and the rest of you who have wondered) the adjusted closing price for Apple (AAPL) back on 12/20/1996 was $0.76.

That’s an annualized total return of 28.6% over the last 20 years.

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