Apple stock makes it the most valuable company ever
Apple stock propelled the company's value to $621 billion Monday, beating the record previously set by Microsoft. Apple stock has hit new highs recently due to buzz about the potential iPhone 5 and cheaper iPad.
New York — Apple is the world's most valuable company, ever.
On Monday, its surging stock propelled the company's value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
The comparison to Microsoft does not take inflation into account. In inflation-adjusted dollars, the software giant was worth about $850 billion on Dec. 30, 1999. Microsoft is now worth $257 billion.