- Michael Saylor made a bold prediction about Apple stock in 2012, stating it would reach $2,000 per share, criticizing those selling the stock as “morons.”
- Saylor’s bullish stance on Bitcoin has benefited MicroStrategy, with the company heavily invested in the cryptocurrency.
- Saylor compared Apple’s success to luxury handbags, emphasizing the iPhone’s evolution as a fashion statement and must-have device.
- Apple’s stock price surpassed $2,000 on a split-adjusted basis, validating Saylor’s prediction.
- Investing $1,000 in Apple in 2012 would have yielded a return of 882.5%, outperforming the SPDR S&P 500 ETF Trust, while MicroStrategy has also seen significant growth due to its Bitcoin investment.
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Published on: February 16, 2021
Description: Credit to https://macdailynews.com/
Michael Saylor talks Apple stock (2012)
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