Apple becomes Most Valuable Company in History after $621.64 billion valuation
Those who suspected that the passing of Steve Jobs would negatively affect Apple’s future will have a hard time reconciling that idea with the latest valuation of the Cupertino tech company. As of today, Apple is the most valuable company to have ever existed.
The magic number in terms of market capitalization was $621.64 billion. That figure put Apple above the second-highest valuation ever—garnered by Microsoft back in 1999… So what’s behind this strong upsurge for Apple? Well, you’ve probably heard of a little something called the iPhone 5. Technically, none of us even know if it’s a real thing or what it will actually be called when it goes on sale, but the sales projections for Apple’s next handset proved lofty enough to take Apple above the competition on a historical scale.
Of course, we’re used to seeing Apple towards the top of the list of most valuable companies in the world. It was just last year that they hit the mile mark of MOST valuable by ousting Exxon Mobile… If, by now, you’re thinking that this Apple company might be going somewhere and want to buy in, you’re going to have to bring quite a bit to the table: A single share of Apple stock costs $664.65.
If you’re Tim Cook, this has to be a reassuring trend. It’s been less than a year since Jobs died, and even though it’s nearly inconceivable to imagine how the value of Apple could continue its escalation beyond this point, they’ve surprised us many times before.