THE DAILY TELEGRAPH: Apple was worth more this afternoon than any company had ever been, as its share price inflated on rumours of new products and took its total value to a record high.
Apple's share price hit $664.74 at its peak today, giving it a market capitalisation - the total value of all its tradeable shares - of $622.5bn.
The previous record for market capitalisation was set by technology giant Microsoft in December 1999, just before the dot-com bubble burst, when it reached $616.3bn.
Apple usurped oil producer Exxon as the world's most valuable company in January after announcing record quarterly results on strong iPhone sales. The two businesses had previously leap-frogged each other to the distinction as their shares fluctuated, but Apple now stands clear as the most valuable company in the world, both currently and historically. » | Matthew Sparkes | Monday, August 20, 2012
