Nike and Apple Both Went Public 45 Years Ago. Here's How Much $1,000 in Each Would Be Worth Today.

Almost 45 years ago, in December 1980, the athletic apparel giant Nike (NYSE: NKE) and tech behemoth Apple (NASDAQ: AAPL) went public within 10 days of each other. And for the next 40 years, Nike's shares outperformed Apple's.In a world where 1.5 billion people have iPhones, this might be surprising. But in the eight years leading up to Nike's initial public offering (IPO), the company had grown annual revenue at an average rate of 85%, while net income had grown by an average of 100% each year. The explosive growth meant that management could rightly claim in Nike's first annual report in 1981 that Nike had "raced ahead of its competitors" to claim the premier position in its industry. Apple, by contrast, rang in the decade facing fierce competition from International Business Machines, which decided to enter the personal computer space with a cheaper basic personal computer that led The New York Times to wonder whether Apple could prove to be "a worthy competitor for IBM."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool