Apple’s market worth has been steadily growing over the last 10 years and their shares rose past $660 on New York’s Nasdaq stock exchange last night. Their market capitalisation is now valued at $619bn (£394bn).
There once was a time when Apple trailed behind Exxon Mobil ($405bn), but now they are worth $200bn more.
Microsoft at one time held the ‘most valuable’ company mantle in 1999 – according to Howard Silverblatt, an S&P index analyst in America. Fascinating analysis indicates that the Apple iPhone generates more revenue by itself than the whole of Microsoft. Apple have a higher market value now than Microsoft, even if they combined with Google.
Techcrunch said that if inflation was taken into account, then IBM would remain the historic winner, with a 1967 value of $1.3 trillion.
Apple were worth $10 billion 8 years ago, and $100 billion 3 years ago. Their stock has risen by 60 percent this year.
Still, there are concerns that the company may falter soon, without iconic leader Steve Jobs making the big decisions. His input before his death will still be felt today, but in the next 2 years the company will need to stand without his influence. Many analysts claim that Tim Cook has yet to show his capabilities as most of the new products are just tweaks to the older range.
Kitguru says: It is unlikely their growth will continue at this exponential rate, but if it did, they could be valued at $1000 billion within the next 3 years.