Apple is now worth over US$620.58billion, which was the previous record for the most valuable public company set by Microsoft in 1999 according to Stuff. This makes Apple the most valuable public company of all time, Apple shares have risen by 8% this month ahead of the potential release of the iPhone 5 and iPad Mini in September.
However, Edward Krudy stated in his article that this “did not take into account the impact of inflation”. There is obviously a lot of differences in the market today compared to 1999 when Microsoft was at the top of the technology world. Do you think Apple deserves the title?
According to Krudy, Microsoft’s value would rise up to $853.7 billion if inflation is taken into account. This is over $200 billion more than Apple today. Looks like Apple might have a few more iPhones to sell if they want to be the ‘true’ champion.
Apples share prices continue to rise at a fairly rapid rate, so far in 2012 they have increased by 64%. The following is from ComputerWorld regarding Apple setting another record.
“At Monday’s market close, Apple’s share was up $17 per share for the day, an increase of 2.6%, setting yet another record”
In comparison, Facebook was at US$40 in May this year and is now sitting around US$20. A full graph of Facebook’s slide on the share market can be seen here.
There is no doubt that Apple has been dominant in the technology sector recently, the share prices will continue to rise into September but will they continue to rise after the new products release? If the iPhone 5 or iPad Mini does not come out, im sure the share prices will drop.
