Apple Becomes The Most Valuable Company Of All Time With $621 Billion Value

Apple Becomes The Most Valuable Company Of All Time With $621 Billion Value

 

NEW YORK – Apple Inc. is now the most valuable company the world has ever seen.


There is always something magical which happens when a record is meant to be broken. On Monday, we witnessed such a kind of thing. Apple Inc. the maker of smartphones, tablets and netbooks is now the most valuable company of all time after it's market value passed $621.2 billion surpassing the record set by Microsoft of $620 billion more than a decade ago.

Its shares were up 2.3 per cent at $662.73 in afternoon trade, after having gained more than 8 per cent this month as Wall Street bets the rollout of the latest version of the iPhone, iPhone 5 on the Sept. 12, the device which will revolutionize the mobile industry.



"To be the biggest company in the world, there has to be a lot of things working well," says James Kelleher of Argus Research. "It's the sense that anything Apple touches turns to gold." "The low-hanging fruit of the tablet and smartphone market is taken care of," Argus' Kelleher says. "Apple has to keep reinventing the wonderful every nine months, which is a tall order for any company."

Apple shares reached a high of $664.74 in the morning, giving them a value of $623.14 billion. They edged past the record of $620.58 billion set by Microsoft in 1999 at the height of the tech bubble, according to data provided by S&P Dow Jones Indices.