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Why was Apple stock so cheap back in the days?
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I am super amateur in this field.
As of today, Apple stock is worth around $195 per share. But I don’t understand why back in 2016, its share only cost $27 because by that time, the hype for Apple products were already surreal. The company was already worth almost a Trillion. People were buying iPhone and Mac and queuing up like crazy. How come at that time, the stock price was so cheap? Didn’t people know it’s a company to invest in? Or there were other concerns?
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- 1 year ago
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