For the lucky bunch who invested $1,000 in Apple stock twelve years ago, their investment would be worth $18,400 today. Let's look more closely at the probable causes for Apple's previous performance and consider if investors who buy Apple stock today can expect similarly impressive returns. Apple's dominant performance over the last decade could not have been achieved without the overwhelming success of the iPhone.
Take Roku (NASDAQ: ROKU), LendingClub (NYSE: LC), and PayPal Holdings (NASDAQ: PYPL), for example, each down at least 75% from their highs. Roku may not look cheap from the standpoint of traditional value metrics. Shares are changing hands at 99 times trailing earnings, 64 times free cash flows, and four times sales.
(Bloomberg) -- Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordPutin’s War Means Russia’s Rich Aren’t Welcome at Davos AnymoreOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache Ove