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Apple Is Now the Most Valuable Company In History

Posted by samzenpus on from the show-me-the-money dept.

derekmead writes "Apple, as of this morning, is valued at $621 billion, thanks to a stock price that spiked at $663.10 per share (and that has risen this afternoon). That finally beats Microsoft, who previously held the record for most valuable company in 1999 at $619 billion. Incredibly, Apple has almost doubled its valuation in the last year, when it topped Exxon-Mobil for most valuable American company with a valuation of $346 billion. It's not the cleanest comparison, but to give you an idea of how much $621 billion actually is, only 23 countries had a GDP higher than that in 2011. So, basically, Apple alone is worth more than what 200+ countries in the world could produce in an entire year."

2 of 398 comments (clear)

  1. Not adjusted for inflation, obviously. by Anonymous Coward · · Score: 5, Informative

    If you actually read right to the end of the article, it states that adjusted for inflation, Microsoft is still over $850 billion. So while Apple is a gigantic company, it hasn't broken any records.

    DISCLAIMER: I'm neither a PaidMicrosoftShill(tm) nor affected by the Apple Reality Distortion Field(tm)

  2. Inflation? by DarthBling · · Score: 5, Informative

    I'm going to have to say no.

    Based in 2012 dollars, Microsoft's 1999 value of $619 billion would be equivalent to $851 billion today. Apple still has quite a ways to go.