A strong performance in Apple Stock has pushed Apple’s value past Microsoft’s to gain it the position of the most valuable publicly-traded stock of all time. Apple shares have risen 8 percent this month and rose 2.3 percent yesterday taking Apple stock above $665 per share.
The Mac Rumours website explains: “Microsoft’s market capitalization peaked on December 30, 1999, reaching an intraday high of $119.94 per share. With Microsoft having documented 5,160,024,593 outstanding shares as of October 31, 1999 in its quarterly earnings report, the company would have had a market capitalization of $618.89 billion on December 30th.
Apple’s most recent quarterly filing listed 937,406,000 outstanding shares as of July 13, 2012, and with the company’s stock price hitting $665 today, its market capitalization reached $623.5 billion.”
The surge in stock prices has been increase over recent weeks with speculation growing about the immanent unveiling of the new iPhone 5 and maybe a mini iPad. Apple will be revealing all early next month, and as always we will keep you posted.
Source: Mac Rumours