Apple's Most Profitable Quarter Ever
apple.com
apple.com
"So Dad, there's this company called Apple. They make a new kind of computer that's as well designed as a Bang & Olufsen stereo system, and underneath is the best Unix machine you can buy. Yes, the price to earnings ratio is kind of high, but I think a lot of people are going to want these."
3.267x return over 4.5 years = 30% annualized. Mr. Graham must be happy.
It would be interesting to see a comparison between the "five years ago" 2000 stats, these 2005 stats, and the current 2009 stats.