Aug
22

Apple now the most valuable company ever

The market value of Apple has burst through the roof as its share prices have gone up by 64% this year.

The previous record for being the highest valued company in the world was held by Microsoft when it was valued at $620.6 billion in 1999. Apple now has surpassed that figure and is currently valued at $623.5 billion.

ExxonMobil held the position for the most valuable company in the world for quite some of the past years. Apple’s value as of now is 53% more than the New York based petroleum giant.

Thanks to all the anticipation in the market for the soon to be launched iPhone 5 the shares of Apple have been pushed higher and higher in the recent months.

As per Steven Milunovic, UBS advisor, what Apple is building is a technological empire. All empires crumble sometime or the other but Apple is perhaps in the middle phase of building its empire.

Play iPhone bingo and see what all the fuss is about!

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