That’s right Apple haters, the company is now the most valuable public company in history. It’s combined value of all shares has now exceeded the previous record holder Microsoft.
At close of business in NYC, Apple’s shares closed at $665.15. This closing price pushed its market value to $623.52 billion, surpassing the $616.34 billion set by Microsoft on Dec. 27, 1999. Yes, that’s a lot of money.
Of course, much of this is due to the inevitable launch of the iPhone 5, reportedly set to drop in September. It also has a lot to do with the rumors of a smaller iPad as well as Apple’s potential entry into the TV business with either an actual TV or new set top box.
This is another in a serious of interesting developments for Apple, a company that was basically dismissed and assumed out of business not that long ago. What a difference time exceptional leadership and innovative, amazing products makes.
Just one of the many contributions by the late genius Steve Jobs. As a fan of Apple and it’s products we hope this never changes.