Apple is the Most Valuable Company Ever

Aug 20 2012, 2:31pm CDT | by , in News | Apple

Apple is the Most Valuable Company Ever

Apple broke another record today. Apple is now the most valuable company of all time.

Apple's market cap is at $620 billion right now with the stock trading at $663.99. With this value Apple is beating Microsoft's record back in 1999. According to CNBC Apple is now worth as much as IBM, Google, Intel and HP combined.

The Apple stock will not stop now and is on its way to hit $1,000 by beginning of next year as some analysts predict. The iPhone 5 and the rumored iPad mini will be a major revenue driver for Apple. If on top, Apple is coming out the a Cable TV replacement box the value of Apple knows no limits

Disclaimer: I own Apple stock.

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