Apple is now the most valuable company of all time, with the Cupertino-based company’s market cap reaching a high of $621 billion. The company’s stock is trading at $664.12 per share, and reached a record price of $664.74 per share in trading today.
Microsoft previously set the record for a public company’s valuation at $618.9 billion in December of 1999.
However, this doesn’t account for inflation. With inflation, Microsoft was worth about $850 billion in 1999.
Apple’s shares have been trading higher on the rumors of an iPad mini in production and a more powerful version of Apple TV. And of course, there’s been a frenzy around the upcoming release of the iPhone 5.
Started by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has expanded from computers to consumer electronics over the last 30 years, officially changing their name from Apple Computer, Inc. to Apple, Inc. in January 2007. Among the key offerings from Apple’s product line are: Pro line laptops (MacBook Pro) and desktops (Mac Pro), consumer line laptops (MacBook Air) and desktops (iMac), servers (Xserve), Apple TV, the Mac OS X and Mac OS X Server operating systems, the iPod, the...
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