In the 1994 film classic Forrest Gump, Tom Hanks’ character famously narrates how his partner, Lt. Dan, invested his shrimping-boat business money in “some kind of fruit company.”
That “fruit” company turned out to be Apple Computer. The film’s timeline is hard to pinpoint, but BusinessInsider presents a fascinating insight pegged to Gump’s investment — one that illustrates the power of what many probably considered a very risky investment back then.
The comment on the “fruit company” investment in the movie’s wide-ranging timeline was made in the late 1970s. However, Apple didn’t go public until its IPO in late 1980.
BusinessInsider: “To make our lives easier, we considered what the price return on a $10,000 investment in Apple at the time of the company’s IPO on December 12, 1980 would have been in the long run for Forrest and friends.”
The answer: $2.5 million.
As the chart below shows, the big surge in Apple’s stock didn’t occur until the 2000s, starting with the iPod/iTunes/MacBook era of reinvention, and then truly exploding with Steve Jobs’ launch in 2007-2008 of the big game-changer — the iPhone.