Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

How to counter Islamic State group propaganda?

Read more

THE OBSERVERS

Coal power plant in Senegal worries residents; and the Venezuelan TV show... in a bus

Read more

BUSINESS DAILY

Italian government bails out two regional banks

Read more

FASHION

Behind the scenes at Dior’s star-studded desert show

Read more

IN THE PAPERS

That's one long sausage: New world record for French butchers

Read more

EYE ON AFRICA

Donors pledge millions at Uganda refugee summit

Read more

MEDIAWATCH

Depp plumbs depths of bad taste

Read more

THE WORLD THIS WEEK

France's new frontman, America's absent centre, May's Brexit gamble

Read more

REVISITED

Senegal’s Casamance hopes for new era of peace

Read more

Business

Apple world’s most valuable company ever recorded

Text by News Wires

Latest update : 2012-08-20

Apple Inc. became the world’s most valuable company ever recorded on Monday when surging stock pushed its value up to $621 billion. Microsoft previously held the record for its value of $850 billion in 1999.

AP - Apple is the world’s most valuable company, ever.

On Monday, its surging stock propelled the company’s value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

Apple’s stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a smaller, cheaper iPad.

Apple Inc. has been the world’s most valuable company since the end of last year. It’s now worth 53 percent more than No. 2 Exxon Mobil Corp.

The comparison to Microsoft does not take inflation into account. In inflation-adjusted dollars, the software giant was worth about $850 billion on Dec. 30, 1999. Microsoft is now worth $257 billion.

Date created : 2012-08-20

  • TECHNOLOGY

    Apple, Samsung face off in $2.5 billion tablet patent suit

    Read more

  • TECHNOLOGY

    Apple looking to invest in Twitter, according to media report

    Read more

  • China

    Apple settles for $60 million in China iPad dispute

    Read more

COMMENT(S)