Sign in with
Sign up | Sign in

At $621 Billion, Apple is Most Valuable Company Ever

By - Source: ABC News | B 39 comments

As Apple's stock crossed the $660 mark and continued to climb driven by iPhone 5 rumors, the company became the world's most valuable company that is not owned by a government entity.

Apple closed Monday trading at $665.15, up $17.04 or 2.63 percent from Friday. The market cap landed at $623.53 billion. The previous record holder was Microsoft, which peaked on December 30, 1999 at $660 billion. Microsoft is valued at $257.1 billion today.

There are still analysts who believe that Apple has plenty of room to grow. Craig Berger from FBR Capital Markets said that he believes that Apple could sell 250 million iPhone 5 handsets. He expects that the device will deliver a profit of about $47 billion for Apple. The new phone is expected to launch on September 12, with sales starting on September 21.

Apple's valuation is well ahead of other industry giants such as GE ($221.0 billion) or Exxon Mobil ($406.0 billion). It is unfortunate that Steve Jobs was not given the time to enjoy this day, which surely would have been reason to reflect on the day he was fired from the company he co-founded. Another moment also worth looking back on is from April 21, 1997 when Steve Jobs answered a rude question from a person in the audience who carried the general sentiment that Jobs was not up to the task to lead Apple into a new era.

If we have learned something, then it is clearly the fact that Jobs's vision of a cohesive product environment resonates with consumers and is the foundation for huge financial success.


Steve Jobs Insult Response

 

Contact Us for News Tips, Corrections and Feedback

Display 39 Comments.
This thread is closed for comments
Top Comments
  • 21 Hide
    fazers_on_stun , August 21, 2012 9:02 PM
    Quote:
    It is a 'paper' value only, and not corrected for inflation.
    But what do most Journalists know about math and economics...

    The company has no hard assets except for a shiny office building, no manufacturing. The majority of it's suppliers are overseas and so are the majority of the jobs the business created. Talk about a disservice the the US economy and our Import/Export balance sheets with Korea and China.


    Corrected for inflation, Microsoft was worth around $850BN at their peak, so Apple still has a way to go to surpass them.
  • 20 Hide
    freggo , August 21, 2012 8:29 PM
    It is a 'paper' value only, and not corrected for inflation.
    But what do most Journalists know about math and economics...

    The company has no hard assets except for a shiny office building, no manufacturing. The majority of it's suppliers are overseas and so are the majority of the jobs the business created. Talk about a disservice the the US economy and our Import/Export balance sheets with Korea and China.

  • 18 Hide
    Anonymous , August 21, 2012 8:18 PM
    iHype
Other Comments
  • 18 Hide
    Anonymous , August 21, 2012 8:18 PM
    iHype
  • 11 Hide
    Benthon , August 21, 2012 8:19 PM
    Love or hate, the Apple company has come a long way since that rude comment in 1997.
  • 2 Hide
    Anonymous , August 21, 2012 8:19 PM
    "At $621 Billion, Apple is Most Valuable Company Ever"...
    "The previous record holder was Microsoft, which peaked on December 30, 1999 at $660 billion."

    Most valuable company ever?
  • -9 Hide
    COLGeek , August 21, 2012 8:24 PM
    Hard to "iHate" this measure of success. Now, let the bashing commence.

    Good for Apple, IMHO.
  • 14 Hide
    sacre , August 21, 2012 8:28 PM
    Apple is doing something right. Their closed system pisses me off, but its a pleasure to use at times. I build my own W7 systems, and am using one right now and wouldn't buy myself an iMac or w/e. But I would never buy a W7 phone. Android, sure.

    People can scream "isheep" all they want, but facts are facts. This company is doing something right to be making a fortune and at the same time keeping their customers happy.

    Blue sucker, red sucker, we all have our own taste.
  • 20 Hide
    freggo , August 21, 2012 8:29 PM
    It is a 'paper' value only, and not corrected for inflation.
    But what do most Journalists know about math and economics...

    The company has no hard assets except for a shiny office building, no manufacturing. The majority of it's suppliers are overseas and so are the majority of the jobs the business created. Talk about a disservice the the US economy and our Import/Export balance sheets with Korea and China.

  • 3 Hide
    hotroderx , August 21, 2012 8:34 PM
    I am going to come out and say it... Toms I understand u might like apple a lot thats ok to each there own but making blatantly wrong statements is just wrong.

    The title reads "At $621 Billion, Apple is Most Valuable Company Ever"

    Where in the article you state
    Quote:
    The previous record holder was Microsoft, which peaked on December 30, 1999 at $660 billion. Microsoft is valued at $257.1 billion today


    Toms is really starting to ruin there reputation as a news source. I wanted to read apple fanism then I would go hit up a Apple Forum. I personally prefer to get unbiased news that is complete and accurate.

    Not the gibberish I seen lately either your amateur news bloggers are your serious Journalist. I think its time to decide and I think its only right you do for people who do read toms news.
  • 0 Hide
    halcyon , August 21, 2012 8:34 PM
    Apple and their products are okay.
  • 7 Hide
    innocent bystander , August 21, 2012 8:37 PM
    The AAPL implosion clock is ticking.

    IB
  • 11 Hide
    teh_chem , August 21, 2012 8:58 PM
    Morning news today said that adjusted for the value of the dollar/inflation, at MS's peak, they were worth ~$850billion in today's dollars. So not technically the most valuable company ever.

    Also, Tom's own numbers contradict themselves: MS peak valuation (not adjusted for inflation/dollar) was $660Billion. Apple's peak valuation is $623Billion. Not seeing where 623 > 660.

    Of any current company valued today, they are at the top.

    Regardless, throughout their time, Apple has accomplished a lot...FOR ME TO POOP ON!!! I KEED, I KEED!!!
  • 21 Hide
    fazers_on_stun , August 21, 2012 9:02 PM
    Quote:
    It is a 'paper' value only, and not corrected for inflation.
    But what do most Journalists know about math and economics...

    The company has no hard assets except for a shiny office building, no manufacturing. The majority of it's suppliers are overseas and so are the majority of the jobs the business created. Talk about a disservice the the US economy and our Import/Export balance sheets with Korea and China.


    Corrected for inflation, Microsoft was worth around $850BN at their peak, so Apple still has a way to go to surpass them.
  • 14 Hide
    fyend , August 21, 2012 9:32 PM
    This is akin to touting current box office numbers as records but movie tickets are 5X the price now as they were with the movies that is being compared to.
  • -1 Hide
    schnitter , August 21, 2012 10:02 PM
    Well, they do build amazing device for the tech impaired (my mom for example, she never uses the PC anymore after having an iPad). And for the tech savvy, like me, all it takes is a Jailbreak to make it do everything I want. Yeah its' closed system is annoying for many, but they really are good devices (except for the Mac computers).
  • 10 Hide
    Anonymous , August 21, 2012 10:08 PM
    freggo nailed it, you have to adjust for inflation, which is why the iPR companies are voting him/her down. When I was a kid, gas was less than a dollar a gallon, and groceries cost a fraction of what they do now, it's a little thing called inflation, thank the Federal Reserve for printing so much money to cover the cost of invading every country with oil.

    Of course, plenty of people think Obama's deficit is higher than Regan, Bush or Bush because of the *slightly* bigger number... Well, guess what? The dollar was a lot more valuable before Regan, Bush and Bush devalued it so much. But hey "OMG, TRILLION DOLLAR DEFICIT, THAT IS TECHNICALLY A BIGGER NUMBER WHEN NOT ATTEMPTING TO CORRECT FOR INFLATION!!! WORST PRESIDENT EVAR!!!!! LESS ROADS, SCHOOLS AND SOCIAL SECURITY, MOAR WARS PLZ!!!!"
Display more comments