The $330,000 Apple PowerBook G3 250
Around 2002, I read an article on Apple and was blown away by something Steve Jobs said along the lines of “We’re the only computer company that can optimize the entire user experience because we’re the only company that makes the entire widget.” That quotation made so much sense that my wife and I ran out and bought $5,000 worth of Apple stock. Unfortunately, we had to sell it in 2004 to buy our house. We had doubled our money but threw away the past seven years of gains.
The New York Times reports that anyone who bought Apple stock in 1997 instead of Apple’s then-hot $5,700 PowerBook G3 250 would have made a fortune: “today your Apple stock would be worth $330,563.”
Posted by James on Friday, March 11, 2011