As Apple’s stock continues to rise on anticipation for the next iPhone, a much cheaper iPad mini, and more, Apple hit another major milestone this morning: becoming the most valuable public stock of all time (a title that Microsoft has held onto since 1999)!
As reported by MacRumors, When Microsoft was at their peak (as of December 30, 1999), the company would have had a market cap of a whopping $618.89 billion. That’s huge. Of course, Microsoft has since fallen from its lofty heights, and as I am typing this, Apple’s market cap has reached 621.62. Hand over that title, Microsoft!
Shares of Apple are currently trading at their highest mark ever (near $664 as of this moment), and with a promising fall ahead, they’ve got a lot of room to grow. Good news for Apple’s investors!
Although Microsoft’s record would be equivalent to $842.5 billion today if inflation is figured in, it’s still impressive that Apple has trounced The Giant of Redmond on the official record!
