Apple most valuable company to date
2012-08-20 20:15
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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.
- AP
