Apple Inc. has reached broken the all-time record in terms of market capitalization. Not so long ago Apple outpaced Microsoft, its internal rival, which had been the leader for 13 years.
Apple’s stock appreciated by 2.6% up to $665.15 per share on Monday on expectations of iPhone5. The current market capitalization of Apple Inc. is equal to $623,5 bn. Back in 1999, Microsoft cost $616.3 bn. The current price of Bill Gates’s “child” is only $258 bn.
The new iPhone is to be released on September 12th. The company is planning to boost its proceeds by 70% at the expense of this new device. The demand is expected to be tremendous.
For reference, apple’s stock has already appreciated by more than 60% this year. Everyone knows about Apple and its best-selling products such as iPads. iPhones, Macs, Macbooks etc.
The chart below, courtesy of , reflects the current state of affairs in the market of APPL.
