Apple is nominally the most valuable company ever
With a market capitalization of more than $622 billion dollars, Apple has become the most valuable company of all time. Apple now takes over Microsoft, which has set the previous record of $618.9 billion in 1999. Since then its stock market value has dropped to $258.2 billion.
When adjusted for inflation, Microsoft may still hold the title of most valuable company ever. The reason being is because the purchase value of a dollar from the year 1999 is about $1.38 today. With the market capitalization converted, it would result in a value of about $856 billion dollars.
According to analysts, last Friday shares went on a sudden increase. Yesterday, the stock closed at $665.15 on Wall Street.
Apple had already exceeded the mark of $600 billion in April, before its price fell again. The current rapid incline is mainly due to the expected September iPhone 5 release date. In the last three months, the share price has increased by 25 percent.
Thanks to the jump, Apple has now left Exxon Mobil far behind, which they have fought most with recently for the title of most valuable brand. The market capitalization of the U.S. oil giant is currently at $405.8 billion.
The big question now is how much Apple's value will increase. Some analysts say an increase to $1 trillion by 2014 is likely.
Source : examiner[dot]com
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