According to a latest update, Apple has become the most valuable public company in history with its market value hitting $623 billion. With this value, Apple surpassed Microsoft’s record of $618.9 billion made in Dec 30, 1999.
Latest stats revealed, Apple’s stock rose to new high value of $664.74 per share. However, Microsoft still holds the record for most valuable company on the stock market, if inflation is taken into account.
It is important to note that, the fruit themed brand Apple was valued at less than $10 billion as recently as 2004 and at $100 billion just three years ago. However, Apple has been an unstoppable force, since the launch of its first version of iPhone back in 2007.
Analysts believe, Apple’s market capitalization has reached to a scaled peak where very few companies have ventured and none has stayed for long.
Analysts further added, the anticipated September launch of the new iPhone, along with rumours of a smaller iPad and a more feature-rich Apple TV have lifted company's stock in recent weeks.
0 comments:
Post a Comment