Apple Becomes The Largest Company Ever
MarketBeat (WSJ Blog) – Apple’s
Market Value: To Infinity and Beyond!
Apple is now the most
valuable company of all time. Shares are rising again this morning, continuing
the sharp run-up of the past few weeks that has propelled the tech juggernaut to
its all-time high. The stock recently rose 1.8% at $660, pushing Apple’s market
capitalization up to $619 billion, FactSet data show. The previous historical
record for top market cap belonged to Microsoft, whose market value topped out
at $616.3 billion in December 1999, according to Howard Silverblatt, senior
index analyst at S&P Dow Jones Indices. Now Apple holds the distinction as
the most valuable company by market capitalization. Apple’s market cap is also
more than $200 billion greater than Exxon Mobil – the second biggest company
right now clocking in at $405 billion. Microsoft, Wal-Mart and IBM round out the
top five.
As the story above states, Apple has officially become the largest company
by market capitalization in history. The table below highlights some other
companies along with their peak market capitalizations for comparison.
_Umesh Shanmugam
No comments:
Post a Comment