08-22-2012, 05:26 PM
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Banned Join Date: Sep 2006 Location: Millstone,NJ | Apple Becomes the Most Valuable Public Company Ever, With an Asterisk Quote: Apple, a company that nearly filed for bankruptcy just 16 years ago, passed a very different sort of milestone on Monday, when a bump in its share price made it the most highly valued public company ever.
Apple already boasted the largest market value of any public company, a title it has held since toppling Exxon Mobil from that spot. But Microsoft still held onto the record for the biggest market capitalization ever, $616.34 billion, which it set at the close of trading on Dec. 27, 1999, according to Howard Silverblatt, an analyst at S.& P. Dow Jones Indexes.
If Mr. Jobs were still alive, he could add up the values of Microsoft, Intel and Google and still have more than $13 billion of daylight between that figure and Apple’s market capitalization, which is a company’s stock price times its outstanding share count.
“It has been an absolutely remarkable transformation,” said Charlie Wolf, an analyst at Needham & Company.
Another analyst, Horace Dediu of Asymco, noted that Microsoft’s 1999 market value was still far higher than Apple’s when adjusted for inflation. The Microsoft of late 1999 would be worth $850 billion in today’s dollars. The Microsoft of August 2012 is worth $258 billion.
By Mr. Silverblatt’s calculations, Apple needs to close at $910 to beat Microsoft’s inflation-adjusted market value. Apple Becomes the Most Valuable Public Company Ever, With an Asterisk - NYTimes.com Quote: Apple Inc
(NASDAQ: AAPL)
668.87 Up +12.81 +1.95% AAPL - Stock Quote for Apple Inc - MSN Money |
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