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March 12, 2011

If you bought Apple stock instead of computers

Qq

Wrote Nick Bilton in a March 10, 2011 New York Times Bits blog post, "Let us pretend for a moment that the year is 1997 and you're in the market for a new laptop computer. You want the top-of-the-line product at the time, so you opt for the newly released Apple PowerBook G3 250 laptop. This revolutionary piece of technology, which comes with a 250-megahertz processor and a whopping 5 gigabytes of storage, will set you back $5,700.

"If you held onto that laptop until today you would probably be able to sell it on eBay for about $50.

"Now imagine that instead of buying the Apple PowerBook in 1997, you decided to spend $5,700 on Apple stock. You would have done a little better. Indeed, today your Apple stock would be worth $330,563. Probably makes you think twice buying about that laptop."

....................

[via kyleconroy.com]

March 12, 2011 at 12:01 PM | Permalink


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Comments

Perhaps I should elaborate: I put $10k into APPL in October 2001. Stock was trading near $10.00. Today the shares are trading at $350 + (We hit $360, but the last few days have seen almost every stock drop...). Appl is on course for $430/sh by Dec 31 - if not more.

Posted by: 6.02*10^23 | Mar 12, 2011 3:18:30 PM

Been there, did it in 2001.....

Posted by: 6.02*10^23 | Mar 12, 2011 2:29:13 PM

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