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At $621 billion, Apple is the most valuable company in history

Posted: , by Alan F.

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At $621 billion, Apple is the most valuable company in history
Apple became the most valuable company in the history of the world on Monday as the Cupertino based tech titan had a market cap of $621 billion after a few hours of trading to start off the week. The shares are up 64% this year alone and took Apple's market value above the previous record of $620.6 billion set by Microsoft in 1999. While Apple now makes up 4.7% of the S&P 500, that is short of the all-time record for the index. In 1983, IBM accounted for 6.3% of the benchmark.

Apple's stock surge has taken place under the leadership of Tim Cook (L) and the late Steve Jobs

Apple's stock surge has taken place under the leadership of Tim Cook (L) and the late Steve Jobs

While some might trace the beginning of the surge in Apple's stock to the June 2007 launch of the Apple iPhone, the stock had actually started moving higher prior to that thanks to the success of the Apple iPod. And while Apple's market cap did surpass Microsoft's record today in raw numbers, adding inflation to Microsoft's record value would make the Redmond based software giant's 1999 market cap worth over $850 billion in 2012 dollars meaning that in inflation-adjusted dollars, Apple still has a way to go to break the record.

For years, ExxonMobil was the most valuable company in the world with its upstream and downstream oil and gas operations. Apple is now worth 53% more than the New York based petroleum company. In the perverse and cyclic way the stock market works, being at the top today doesn't actually bode well for the future. Of the ten most valuable companies back in 1999, only IBM and Microsoft are still trading and have a higher valuation. The three most valuable firms in 1999 were Microsoft, GE and Cisco Systems. Since then, the shares of Microsoft are down 57%, GE's shares are down 56% and Cisco's have declined 72%.

In case you were wondering (and we know you were) the price of Apple's stock the day the first version of the Apple iPhone launched on June 29, 2007 was $121.52. The value of Apple's shares on October 5th of last year, the day that co-founder Steve Jobs passed away, was $376.63.

source: AP via USAToday

Apple's stock has had an amazing run

Apple's stock has had an amazing run


56 Comments
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posted on 20 Aug 2012, 13:43 3

2. mas11 (Posts: 1015; Member since: 30 Mar 2012)


I go by total assets because it's everything the company actually owns (tangible or intangible). Going by that figure Apple is worth $163 Billion as of June 30th 2012.http://finance.yahoo.com/q/bs?s=aap

posted on 20 Aug 2012, 14:17 3

8. quakan (Posts: 1079; Member since: 02 Mar 2011)


It really doesn't matter what you go by. This is what matters: Mkt Cap - 621.1B

posted on 20 Aug 2012, 14:18 2

9. quakan (Posts: 1079; Member since: 02 Mar 2011)


Make that 621.2B lol...it just went up as I posted that.

posted on 20 Aug 2012, 15:58 3

23. JessJess (unregistered)


Whatever helps you sleep at night I guess.

posted on 20 Aug 2012, 22:07

44. EclipseGSX (Posts: 1471; Member since: 18 Oct 2011)


Shutup meg

posted on 20 Aug 2012, 22:53 1

47. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Eclipse ur back after a banned!

posted on 20 Aug 2012, 19:07 2

34. MeoCao (unregistered)


I don't like Apple's lawsuits and closed ecosystem, but I must say Apple has changed the lives of the Chinese workers for the better.

The people who should complain are American workers who do not gain anything from Apple's success.

posted on 20 Aug 2012, 13:58 5

4. Jphones (Posts: 230; Member since: 10 Feb 2012)


with all the value they still use slave labor paying employees in china $1.25 a day. An with all that money they really can't afford to bring all those jobs here to the USA really? smh F apple their money and their phone. The name suits it well iphone because there's no i in we

posted on 20 Aug 2012, 14:32 2

11. quakan (Posts: 1079; Member since: 02 Mar 2011)


There is no coming back for Apple. I think they're content with using cheap Chinese labor (along with many other companies) as opposed to having to play ball with US labor laws and unions. That's just the way it is.

Let's say hypothetically Apple did return those manufacturing jobs back to the US. The cost of making the iPhone, iPad, iPod, etc would all go up and that would cause Apple to either A.) Keep the price of all the devices the same and receive less profit or B.) Raise the price of all devices to keep their current profit, but it in turn cause consumers to turn away from Apple products due to high cost (this would cause Apple's stock and market share to drastically drop).

posted on 20 Aug 2012, 17:16 3

29. Aeires (unregistered)


And what's wrong with option A? It's well believed they have more than a 100% markup, there's plenty of room to still make big profits by using local manufacturing.

posted on 20 Aug 2012, 19:53 1

41. ncv144 (Posts: 126; Member since: 04 May 2012)


There is a problem with making the jobs go back to the US, Chinese People would be unemployed

posted on 21 Aug 2012, 16:30

56. dmckay12 (Posts: 242; Member since: 25 Feb 2012)


It is not just a matter of a few more dollars a day to workers in the U.S. It is billions of dollars that have to be invested to make new factories, hire a workforce, and ship the internals to the U.S. Apple could probably do it and make a profit eventually, but the profit margins could lower enough that a label that says "Made in the U.S.A." won't make up for. Also, the work is boring an tedious and many American's won't want to do it. Chances are that a union would be formed that would make the cost go up and make it harder to replace the whiny workers with the Mexicans of the last bus with work Visas. When asked why the iPhone was not made in the U.S., Steve jobs said it would be impossible to produce enough, well enough, fast enough (paraphrased).

posted on 20 Aug 2012, 13:59

5. shadowcell (Posts: 300; Member since: 28 Mar 2012)


KNEEL BEFORE ZOD!

posted on 20 Aug 2012, 15:28 2

17. The_Innovation (Posts: 531; Member since: 18 Jul 2012)


Do you know what ended up happening to Zod in the end?

posted on 20 Aug 2012, 14:00

6. Royal.Troll (banned) (Posts: 5; Member since: 15 Aug 2012)


Wholly Molly.

posted on 20 Aug 2012, 15:02 3

12. DatabaseMX (Posts: 19; Member since: 27 May 2009)


Last check, Apple had $75 BILLION in cash reserves. Yet will all that CASH, all their junk is made in China (think:jobs).
Any questions ?

posted on 20 Aug 2012, 15:11

13. Roomaku (Posts: 278; Member since: 06 Feb 2012)


Poor cisco.

posted on 20 Aug 2012, 15:19 2

15. The_Innovation (Posts: 531; Member since: 18 Jul 2012)


Do you realize they can literally buy a decent European country? Not talking about 3rd world countries.

This is a wild rumor from a while ago, but with all this money they might make their own cellular network, exclusively for iPhones and iPads, and cut out the middlemen like AT&T, Verizon, and Sprint. In which case you would be guaranteed to have 5 bars anywhere you are, since such a limited number of people would be on the network, considering it's for iPhones and iPads and iPhones and iPads only.

That would be pretty smart. I mean, they have the money for it.

posted on 20 Aug 2012, 15:29

18. khmer (Posts: 88; Member since: 21 Jun 2012)


Apple must drop all lawsuits against Samsung unless Apple wanted to destroy Samsung, Apple has the money to pay all lawyers in the world and destroy any companies as they wishes.

posted on 20 Aug 2012, 16:13 1

25. JessJess (unregistered)


Strike anyone slightly odd that Jobs and cook are dressed almost exactly the same in that photo?

posted on 21 Aug 2012, 07:35

53. lyndon420 (Posts: 1641; Member since: 11 Jul 2012)


Not really...tim had some shoes to fill, and a shirt, and some pants, and god knows what else.

I'm actually more surprised that steve had something other yhan a black turtle neck and jeans. Guess you don't get as rich as quickly when you spend money on clothes.

posted on 20 Aug 2012, 16:39 1

26. InspectorGadget80 (Posts: 5639; Member since: 26 Mar 2011)


Why is this news?

posted on 20 Aug 2012, 16:47 1

27. AppleWho (banned) (Posts: 57; Member since: 06 Aug 2012)


Wait for the market corrections in 2-4 years - just like their phones, APPLE is way over priced/valued.

posted on 20 Aug 2012, 17:04

28. Iphone4 (unregistered)


Its all paper money. the way it comes it gose the same way never trust.

posted on 20 Aug 2012, 17:18 1

30. hypergreatthing (Posts: 33; Member since: 13 Jun 2012)


This article is factually incorrect.
Microsoft is still the most valuable company money wise when you take into consideration inflation from 1999 until 2012.

posted on 20 Aug 2012, 19:01 1

32. JonBjSig (Posts: 175; Member since: 17 Nov 2011)


I was just about to post that.
When you take Microsoft's peak market value which was in 1999 and adjust it for inflation then it was worth approximately $856 billion, Apple's $699 billion is far from being the new record.

posted on 20 Aug 2012, 19:33

37. Peter98 (Posts: 119; Member since: 01 Aug 2012)


Something is going to be launch.

posted on 20 Aug 2012, 19:36

38. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


And what is that?

posted on 20 Aug 2012, 19:41

39. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Apple stocks are rising, where will it reach, 1000?
When will it tumble down? Who knows....? surely that year is coming,
but when? waiting for that moment.

posted on 20 Aug 2012, 21:01 1

42. DOGIEFRESH (Posts: 302; Member since: 15 Jul 2009)


Enough money to buy all android makers........!!!!!!

posted on 20 Aug 2012, 21:15

43. mas11 (Posts: 1015; Member since: 30 Mar 2012)


Btw MS is still #1. That number isn't adjusted for inflation.

posted on 20 Aug 2012, 22:29

45. EclipseGSX (Posts: 1471; Member since: 18 Oct 2011)


Except if you take into consideration the inflation rate since 99 Apple isn't even close to MS record high sorry Apple HAHAHAHA

posted on 20 Aug 2012, 22:47 2

46. Seannyc (Posts: 59; Member since: 21 Jul 2012)


Yup I just want to say this : FK yea! Im deff going to switch to apple now. Im fkin hate my Android phone, no latest updates, no place to fix when, resale value sucks, no accessories. 2 years ago my andriod phone was a flagship device and the best selling phone for verzion now its a worthless junk.

posted on 20 Aug 2012, 22:59

48. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Forget about updates. Who cares. Root the phone. Overclock the cpu. Change the kernel. Change the Rom . There u go. Updated.

You can't afford to keep up with Android. Due to new specs design features
And a new phone every 6 month's. It's like buying new designer clothes every 3month's spending a $1000 dollars. Ur better of with ios.it's cheap. 1 phone every 18 months.

posted on 20 Aug 2012, 23:58 1

50. Seannyc (Posts: 59; Member since: 21 Jul 2012)


Way too many trouble overclocking my andriod. Did it once now my battery disappear in less than 8hrs.

posted on 21 Aug 2012, 07:37

54. lyndon420 (Posts: 1641; Member since: 11 Jul 2012)


Overpriced products?

posted on 21 Aug 2012, 09:57

55. robocopvn (Posts: 154; Member since: 10 Mar 2010)


I don't agree. Because they don't calculate the inflation. Microsoft's 618 billion USD in 1999 will be much more than Apple's 623 billion USD nowadays :)

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