I’m sorry Microsoft, but Apple has the highest market cap of all time

Mon, Aug 20, 2012

Finance, News

Apple’s markt cap now makes it the most valuable company of all time. The stock today has been on a rampage, climbing upwards of 2.21% for a market cap of $620 billion. The intraday high for the shares checked in at $664.75 a share.

Network World reports:

The previous market cap record was set by Microsoft back in 1999 when its shares had a market cap of $618.9 billion. But in the interest of keeping the playing field level, some have noted that Microsoft’s market cap of yore in today’s dollars would be about $842 billion. If Apple wants to top that, it’s shares would have to rise to about $898 a share, the equivalent to a 35% appreciation in share price. A feat, to be sure, but with some analysts pegging Apple’s stock target close to $1000, it’s certainly a possibility.



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