Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Controversial rapper cancels Bataclan concerts

Read more

THE WORLD THIS WEEK

Brett Kavanaugh hearings: Trump challenges Supreme Court nominee's accuser

Read more

#THE 51%

One is not enough: China to encourage people to have more children

Read more

ENCORE!

A Pulitzer Prize-winning 'Trajectory': Richard Russo on writing small town America

Read more

#TECH 24

Hacking the body, and the mind: The future of connected humanity

Read more

REPORTERS

Colombia: Cursed by coca in Catatumbo

Read more

FOCUS

Britain’s Labour Party: No home for Jews?

Read more

IN THE PRESS

Outfoxed: The mystery of the ‘Croydon Cat Killer’

Read more

YOU ARE HERE

Backstage at the Moulin Rouge

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

  • China

    Apple settles for $60 million in China iPad dispute

    Read more

  • TECHNOLOGY

    Apple looking to invest in Twitter, according to media report

    Read more

  • TECHNOLOGY

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

    Read more

COMMENT(S)