CNNMoney reports that
as Apple's stock rose to new high on Monday, the technology giant set
another record: It became the most valuable public company in history.
Apple's market value -- the price of its stock multiplied by
the number of outstanding shares -- hit $623 billion in intraday trading. That
eclipsed the previous record of $618.9 billion set by Microsoft on Dec. 30,
1999, at the height of the dot-com bubble, according to Howard Silverblatt,
S&P's senior index analyst.
Apple shares hit a new record of $664.74 per share. The
anticipated September launch of the new iPhone, coupled with rumors of a
smaller iPad and a more feature-rich Apple TV have lifted the stock in recent
weeks…..
No comments:
Post a Comment