Feeds

Apple now most valuable company OF ALL TIME

Tops Redmond's bubble-era record

Maximizing your infrastructure through virtualization

Apple first earned the title of the world's highest-valued company in 2011, but rumors about the impending iPhone 5 sent its stock soaring to new heights on Monday, earning it a new distinction, that of the highest-valued company in stock market history.

Shares of the fruity firm swelled more than 2 per cent on Monday, topping $664 and later passing the ominous $666 mark in after-hours trading, putting its total market capitalization at $624.6bn.

That beats the previous record of $622bn, set by Microsoft during a brief, shining moment in 1999.

In comparison, Redmond's fortunes have flagged over the last decade. It's currently valued at around $257bn, down almost 60 per cent from its peak, and in July it reported its first-ever quarterly loss, despite posting record revenues.

These days Microsoft is only the fourth most valuable company in terms of market capitalization, behind Apple and the oil giants Exxon Mobil and PetroChina. Exxon Mobil, the second-ranked company, is itself now worth only about 65 per cent as much as Apple.

Judging by the latest figures from the United Nations, Apple's current valuation is higher than the gross domestic product of Hong Kong, Israel, and Singapore combined.

Mind you, if we take inflation into account, Microsoft's bubble-era valuation looks even more impressive. The company's peak 1999 market cap would be worth $857.2bn in 2012 dollars, making Microsoft comparatively much more valuable than Apple at both companies' respective peaks.

Which leads your Reg hack to wonder what other companies might beat Apple's current valuation, once currency inflation is taken into account. The Dutch East India Company comes to mind. Are there others? ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.