Apple becomes most valuable U.S. company in history

22 Aug


As shares of Apple (AAPL) stock continued to soar on Monday, Apple achieved what is perhaps one of its most impressive feats to date. The company’s market capitalization sailed past $620 billion Monday morning, making Apple the most valuable company in history. The title was previously held by Microsoft (MSFT), which saw its market cap hit nearly $619 billion in late 1999. As noted by MacRumors, however, Microsoft’s record value in late 1999 balloons to $842.5 billion when accounting for inflation. Apple’s stock continues to climb to new heights as anticipation grows ahead of what every Apple analyst on the planet sees as Apple’s biggest-ever product launch, the upcoming sixth-generation iPhoneRumors that Apple’s “iPad mini” and its upcoming own-brand HDTV are already being built in Chinese factories also helped send Apple investors into a frenzy on Friday, pushing the company’s share price to an all-time high that has since been topped during Monday’s trading session.


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