Apple's iPhone Sparked Monumental Changes in How We Trade Stocks
The Apple (AAPL) - Get Report iPhone is 10 years old. The device not only turned Apple into one of the world's most valuable companies, helping to boost its stock price more than 700%, it also changed the way we invest and trade stocks.
In fact, the original iPhone -- and the current versions -- have an internal stocks app, allowing users to check the broader market indexes and individual stock prices.
Having this in your pocket was a big deal 10 years ago.
And financial firms didn't waste time jumping on board.
E*Trade (ETFC) - Get Report launched its app in 2009 and soon after, mobile accounted for 1.2% of total trades. Today roughly 20% of trades on the platform come from a mobile device. The iPhone has even groomed a whole generation of investors addicted to checking the market's every move.
The TD Ameritrade (AMTD) - Get Report Mobile Trader app launched in 2012 and user growth has soared 128% since then.
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