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Saturday, April 24, 2010

CHART OF THE WEEK: THIS TOOK A LOT OF IPHONES TO CREATE

This week's chart displays one of the greatest wealth creations we've ever seen in the stock market: The past eight years of trading in Apple (AAPL).

We rarely write about Apple. You can read about the company every day on every mainstream news website and in every newspaper. But today, we must point out that Apple is on an extraordinary run.

After the bear market of 2000-2002, Apple shares bottomed (adjusted for splits) at $6.90. This week, shares struck an all-time high of nearly $270. This is a 39-fold increase in value… which has made Apple the second-largest public company in the U.S. They're moving lots of iPhones and iPods these days…

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