According to a new article by CBC
, a 2% gain by Apple stock shares today (Monday August 20) has made the company "the most expensive public company of all time."
This news shows Apple has made some amazing progress and growth in the last few years - especially considering it didn't even enter the list of the Top 10 publicly traded companies until the fourth quarter of 2009.
Valued at more than $662 billion, Apple has a big lead on the rest of the top public companies in the Top 5, which are Exxon ($405 billion), Microsoft ($257 billion), PetroChina ($233 billion), and IBM ($229 billion).
But another company did come close to Apple's current valuation all the way back at the beginning of the millennium - Microsoft.
The CBC article had this to say about Apple's new top spot:
"It makes Apple worth more than the previous title holder, Microsoft, which peaked at $618.9 billion the day before New Year's Eve 1999, near the height of the technology bubble.
It is important to note the title does not factor in inflation. If America's inflation rate is taken into account, in today's dollars Microsoft was worth about $850 billion on the eve of the new millennium."
So my question to you forum world... what does this mean for Apple and the IT landscape in general? Is this just the beginning of an Apple Empire - or is it just a temporary spike in the long term growth of the company?
Who should actually own the title for 'most valuable public company' ever... Microsoft with its value adjusted for inflation at $850 billion in 1999, or the current title-holder Apple?