News24

Apple most valuable company to date

2012-08-20 20:15

New York - Apple is the world's most valuable company to date.

On Monday, its surging stock propelled the company's value to $621bn, beating the record for market capitalisation set by Microsoft 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 has been the world's most valuable company since the end of last year. It's now worth 53% more than No 2 Exxon Mobil.

The comparison to Microsoft does not take inflation into account.

In inflation-adjusted dollars, the software giant was worth about $850bn on 30 December, 1999.

Microsoft is now worth $257bn.

Comments
  • Tony Lapson - 2012-08-20 19:31

    The power of good marketing and overpriced products. Well done apple, you win at 'The Game'.

      corne.j.maritz - 2012-08-20 22:01

      Offcoarse they win! The perfect s.....trategy! (High-End but plain and reliable designs)

      Havokreeka - 2012-08-21 10:01

      Chalk this up to lots of stupid people falling for their marketing and the planet is in no short supply of stupid people. Overpriced crap in my opinion...

      joe.soap.1806253 - 2012-08-21 10:30

      I was walking past the Apple store in Sandton City and saw a massive Mac (I think it was about 28"), one of the sales guys noticed and approached me. I asked him the specs and the price....it was valued at around R27,999 and it had half the specs of my own home pc. Rather rudely (I'll admit) I laughed in his face and walked off. I do not support Apple, biggest load of jumped up overpriced rubbish out there. It's amazing what great marketing will do.

  • christian.witts - 2012-08-21 11:13

    If you adjust for inflation the most valuable company in history is actually IBM with an adjusted value of $1.3T in 1967. http://techcrunch.com/2012/08/20/apple-is-not-the-most-valuable-company-in-the-history-of-the-world-ibm-won-the-prize-in-1967-with-a-value-of-1-3-trillion/

  • atsoule - 2012-08-21 15:46

    How does this work? The figures don't add up. Unless Apple come out with something amazing for the iPhone 5 they are going to start to fail. You can't keep the hype-gasm going forever. Apple 2011 Revenue US$ 108.249 billion (2011) Total equity US$ 76.615 billion (2011) Samsung 2011 Revenue US$ 247.5 billion (2011) Total equity US$ 224.7 billion (2011)

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