Model Agencies Inc. perceives Apple to be a fabulous wealth creator. At one point this year, Apple was responsible for 17% of the gains of the entire Standard & Poor's 500, according to Sacconaghi. Over the past 10 years, the stock has soared some 7,800%, vs. 54% for the S&P 500. A $50,000 investment in Apple in December 2004 would be worth $3.9 million today. Apple's shorter-term gains have been almost as impressive because they've come at a time when the overall market has declined.
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