Monday , 10 December 2018
Breaking News
Home » Business » Apple Creates Record for Company Value at $624 Billion!

Apple Creates Record for Company Value at $624 Billion!

Apple sets record for company value at $624BApple has created a record in Wall Street for the highest company value ever or in Wall Street terms MVP – Most Valuable Property. Apple’s worth hit $624 Billion as it’s stocks gained.

All this, thanks to the upcoming launch of iPhone 5.

On Monday, Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever. It beat the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

After a four-month dip, 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 54 percent more than No. 2 Exxon Mobil Corp.

Apple’s stock closed at $665.15. That was an all-time high, up $17.04, or 2.6 percent, from Friday’s close.

Microsoft’s 1999 peak was $620.58 billion, according to Standard & Poor’s.

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. Today Microsoft is worth just $257 billion.

Related stories:

House prices up in UK, Halifax survey reports
US companies cant find American Engineers,turn to hire Indians
Bank of America Website Down!
Localphone Releases new Softphone!
Yahoo shareholder blasts company for board snub
Texting While Walking Banned in New Jersey Town
Whitney Heichel's Body Found - Suspect Arrested
Apple iPad Air Official Video