Apple (NASDAQ:AAPL) has been the definitive growth play of our generation. Investors who got in on the ground floor and plunked $10,000 down on AAPL shares back in December 1980 would’ve had to wait it out a few years, but had they sold anytime after early 2011, they would’ve been millionaires.
Of course, you didn’t have to start trading when Pac-Man was the new hotness to get a rise out of Apple. Within a few years of Steve Jobs’ return in 1997, Apple was pumping out the iPods, iPhones and iPads that have taken over the technological world and sparked enormous growth in AAPL shares. In fact, investors who hopped aboard when the first iPhone went to launch five years ago would’ve been popping the champagne cork over roughly 400% returns!
However, unless you rode Apple to riches and are ready to retire, you’re likely on the hunt for the next multi-bagger. But where can you find that kind of explosive growth? As part of our discussion about Apple on the occasion of the iPhone’s fifth birthday, InvestorPlace weighs in on seven companies that could end up being the “Next Apple.”