Apple Now Most Valuable Company Ever

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Long live the king, the king of kings. This morning, Apple hit a market capitalization of $620 billion, making it the most valuable company ever. The previous record, $618.9 billion, was set by Microsoft back in 1999. With Microsoft standing at a current value of $256.7 billion, Apple has surpassed them by almost four hundred billion dollars. Apple is also worth over $200 billion more than Exxon Mobil, which is currently the second largest company in the world.

Apple can thank both its share price, which is just over $660 per share, and the number of outstanding shares available to investors for contributing to this milestone. The share price isn’t staying put either, as rumors of a new iPhone and a smaller version of the iPad continue to drive the price up.

Here’s the really impressive part: Apple’s iPhone is bringing in more money than all of Microsoft combined. In the first quarter of 2012, Microsoft brought in $17.4 billion. The iPhone brought in $22.7 billion. That makes the iPhone alone worth more than Microsoft.

Of course, you could look at this all differently when you factor in inflation. Microsoft’s 1999 total of $618.9 billion would be $851 billion in 2012 dollars. Does that change things? Even if it does, Apple is expected to cross that threshold as well.

via The Verge, Forbes

About

Dylan Duarte is a freelance writer who's covered film, television, videogames, and of course tech! He's also an aspiring screenwriter and likes that watching movies is considered "work" because of it. You can follow him on twitter @dylanduarte, but be warned that it's mostly the nonsensical ramblings of a potty-mouth.

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