Feeds

Apple now most valuable company OF ALL TIME

Tops Redmond's bubble-era record

5 things you didn’t know about cloud backup

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? ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
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?