Who would have predicted this in 1996? Another story here is how much Microsoft has gone down in value since 1999. Same thing will happen to Apple of course. Wonder who will be top of hill in 2025?
Apple overtakes Microsoft as most valuable company ever
Apple hit a market capitalization of over $620 billion this morning, breaking the record of $618.9 billion set by Microsoft back in 1999. The company is now worth over $200 billion more than the second largest company in the world, Exxon Mobil, and almost $400 billion more than the $256.7 billion Microsoft is today.
Apple’s valuation is a factor of its share price, currently just over $660 per share, and the number of outstanding shares available to investors. The company’s share price has been steadily increasing as of late, as rumors of a new iPhone and a smaller version of the iPad have gained steam.