Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Protests, Putin & Prosecutions

Read more

THE DEBATE

Do Russians care? Kremlin cracks down after anti-corruption (part 1)

Read more

THE DEBATE

Do Russians care? Kremlin cracks down after anti-corruption (part 2)

Read more

FOCUS

French presidential election: What attracts young voters to the far right?

Read more

EUROPE NOW

Italy challenged by populism

Read more

EUROPE NOW

60th anniversary of the Treaty of Rome: What's to celebrate?

Read more

THE OBSERVERS

How traffickers lie to migrants wanting to go to Europe; and the gold rush polluting rivers in Ivory Coast

Read more

BUSINESS DAILY

Startled startups flee UK ahead of Brexit

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)