Apple Stock Skyrockets Over Decade, Returning 1,382% for Early Investors

Apple's stock price has more than doubled over the past decade, making it one of the top performers in the market. According to Benzinga, the tech giant has outpaced the market by an impressive 14.92% on an annualized basis since 2012.

The average annual return for Apple's stock is a staggering 28.35%, dwarfing the returns offered by many other investments. At its current market capitalization of $4.70 trillion, it's no wonder why investors are clamoring to get in on the action.

So, what would have happened if you invested $1000 in Apple's stock back when it was first listed? Based on a price of $319.85 at the time of writing, that initial investment would now be worth a whopping $11,811.37. This is a testament to the power of compounding returns and the importance of long-term investing.