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.