Its Apple day today, you might be wondering and even thinking how: Well, the Cupertino-based giant today hit a new record and reaches a market capitalization of over $620 billion. The company’s stock is trading at $664.12 per share, and reached a record price of $664.74 per share in trading today.
Apple breaks the record that Microsoft has set back in 1999 of $618.9 billion. However, this doesn’t account for inflation. With inflation, Microsoft was worth about $850 billion in 1999. The Cupertino-based giant is now worth over $200 billion more than the Exxon Mobil, the second largest company in the world.
Apple sets record for most valuable company at $621 billion, beating Microsoft’s 1999 high –
@ap— Breaking News (@BreakingNews) August 20, 2012
(Image Source: Apple logo, Featured Image)
