Technology giant Apple Inc (NASDAQ: AAPL) recently shared details of its highly anticipated iPhone 15, which is set for a launch later this month. This marks the latest iPhone to be released in the smartphone series from the company that dates back to 2007. Here’s a look at the history of the iPhone and how an investment in Apple stock could have done as opposed to buying a new iPhone each year. What Happened: Apple unveiled the iPhone on Jan. 9, 2007, at its Macworld event. Then CEO Steve Jobs highlighted the smartphone's function of being three combined products: a mobile phone, a widescreen iPod and internet communications. “iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone,” Jobs said at the time. “We are all born with the ultimate pointing device — our fingers — and iPhone uses them to create the most revolutionary user interface since the mouse.” It was announced the iPhone would be released in June 2007 in the U.S., in late 2007 in Europe, and in 2008 in Asia. The iPhone was given price tags of $499 and $599 in the U.S. “Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh,” the company said. A post on Twitter recently generated reactions after it was unveiled that investing in Apple stock instead of buying the iPhone each year could have made you a millionaire. A post on Twitter, now known as X, by Sumit Behal said it calculated the return for investors. “If you had bought Apple shares worth of ...

E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) launched as an online bookstore back in 1995. Over the years, the company has expanded its product offerings, which now include shipping thousands of items to customers. As the company celebrates its annual Amazon Prime Day shopping holiday, here’s a look at the history and how the stock has performed since the event was created. What Happened: Amazon launched its Prime membership program in 2005 with an annual cost of $79. The main perk of the plan was free two-day shipping for consumers. Over the years, Amazon has added additional perks that include Prime Video and partnerships with companies like Grubhub. On July 15, 2015, Amazon held its first Amazon Prime Day, coinciding with the company's 20th anniversary. Amazon called Prime ...

While July 4 marks a well-known anniversary for the United States of America, the following day marks the anniversary of one of the largest and most well-known American companies. Leading e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) was founded on July 5, 1994. Here’s a look at how shares of the now-public company have performed since its IPO. What Happened: Now worth $1.33 trillion, Amazon was founded in 1994 after Jeff Bezos quit his job at an investment firm to open an online book store. Bezos moved to Seattle from New York and drafted the initial business plan during his cross-country trip. The company’s name came after initially being named Cadabra, a name which was misheard by Bezos’ lawyer and instead named Cadaver, before being renamed. The Amazon logo connecting the A to the Z is symbolic to represent that the company offers everything and anything to order from A to Z. In 1995, around 300 of Bezos’ friends performed beta testing ...

The electric vehicle sector is getting more attention in recent weeks with traditional automakers announcing partnerships with Tesla Inc (NASDAQ: TSLA) for charging infrastructure. Here’s the latest news and what an investment in Tesla when it unveiled the Supercharger charging stations would be worth today. What Happened: Automobile giants General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F) announced a partnership with Tesla on the company’s Supercharger charging station network. Ford CEO Jim Farley and Tesla CEO Elon Musk had a conversation in Twitter Spaces to share the details, during which Farley said Tesla will allow Ford electric vehicle owners access to Supercharger stations.  General Motors followed Ford with a partnership announcement of its own with Tesla. The automotive giant said GM car owners will have access to the network of Tesla Supercharger stations. “This collaboration is a key part of our strategy and an important next step in quickly expanding access to fast chargers for our customers. Not only will it help make the transition to electric vehicles more seamless for our customers, but it could help move the industry toward a single North American charging standard,” General ...

Leading ecommerce company Amazon.com Inc (NASDAQ: AMZN) is one of the most valuable companies on the face of the earth. Years ago, the company was unprofitable and valued at less than $500 million. While it’s hard to believe the company once was that small, every great company has to start somewhere. Here’s a look back at the company’s IPO and how investors have done if they stuck around with their Amazon shares. What Happened: Amazon went public on May 15, 1997 with an initial price offering. The company offered shares at a price point of $18 and a company valuation of around $300 million. A look back at Amazon at the time of its IPO shows that the company had around 80,000 average daily visits to its website, 256 employees and annual revenue of $15.8 million. In its IPO filing, Amazon said it was “the leading online retailer of books.” “Amazon ...Full story available on Benzinga.com

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 26 years ago, Amazon.com, Inc. (NASDAQ: AMZN) went public. Where The Market Was The Dow finished the day at 7,286.16. The S&P 500 traded at 836,04. Today, the Dow is trading at 33,281 and the S&P 500 is trading at 4,122. What Else Was Going On In The World? In 1997, Madeleine Albright became the first female U.S. secretary of state. ...

In 2006, Google made the biggest acquisition in its history, which has transformed the company. The acquisition of YouTube is considered by many experts to be one of the best acquisitions of all time. Here’s a look at how Google stock has performed since the acquisition. What Happened: On Oct. 9, 2006, Google announced it was paying $1.65 billion in a stock-for-stock deal to acquire video platform YouTube, which is now one of its biggest revenue drivers. “The YouTube team has built and exciting and powerful media platforms that complement Google’s mission to organize the world’s information and make it universally accessible and useful,” former Google CEO Eric Schmidt said at the time. “Together, we are natural partners to offer a compelling media entertainment service to users, content owners and advertisers." Now operating under the Alphabet Inc (NASDAQ: GOOG)(NASDAQ:

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 21, 1982, S&P 500 index futures contracts began trading on the Chicago Mercantile Exchange for the first time. Where The Market Was: The Dow finished the day at 843.42. The S&P 500 traded at 115.72. What Else Was Going On In The World? In 1982, Michael Jackson released his ground-breaking album “Thriller.” The U.S. government ordered ...

Legendary investor Warren Buffett is known for being the CEO of Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B). The holding company led by Buffett has acquired many companies over the years and invested in some of the largest publicly traded companies. Here’s a look at how the stock has performed since one of its most famous acquisitions. What Happened: Since 1970, Berkshire Hathaway has acquired more than 50 companies and increased the size of its portfolio. Companies owned by Berkshire Hathaway include GEICO, Helzberg Diamonds, Fruit of the Loom, Duracell, Benjamin Moore Paint and Dairy Queen. The company counts the insurance sector as one of its major business segments, which has been helped by several acquisitions over the years. In 1967, Berkshire Hathaway invested $8.4 million in National Indemnity Company and National Fire and Marine Insurance Company. Buffett was interested in the insurance sector at a young age thanks to his ...

Chegg Inc. (NYSE: CHGG) said on Monday its revenue topped Wall Street estimates in the fiscal first quarter. The company, however, concluded Q1 with a loss and fell shy of expectations for adjusted per-share earnings. 1. Financial performance Chegg reported £46.89 million of loss in the first quarter that translates to 35.24 pence per share. […] The post 4 key takeaways from Chegg’s Q1 earnings report appeared first on Invezz.