Feeds

Apple now most valuable company OF ALL TIME

Tops Redmond's bubble-era record

Secure remote control for conventional and virtual desktops

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? ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.