Posted under Startups
from 1795 days ago

$623 billion. That’s the market capitalization that made Apple the most valuable company in history this morning.

Apple’s stock spiked $16 a share on Monday on high hopes surrounding its upcoming iPhone as well as the possibility of a new, smaller iPad. With the new market cap, Apple has overtaken previous record holder Microsoft, which was worth $618.9 billion in December 1999. Microsoft’s current valuation hovers around $257.6 billion, making Apple worth nearly $400 billion more than the house that Bill Gates built.

Adjusted for inflation, however, the story’s a bit different: By today’s numbers, Microsoft was worth $850 billion in 1999, meaning that, technically, that’s the number Apple needs to hit in order to beat Microsoft’s record.

Either way, it’s hard to downplay Apple’s success. The milestone today comes a little over a year after Apple passed Exxon ...


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