Apple Becomes Most Valuable Company In History – Can You Live Without Them?

Not too places you can go without seeing the Apple logo. Even in major cities, there are Apple stores popping up everywhere. Reports have been released stating that Apple is now the most valuable company. Monday, Apple‘s valuation reached $621.64 billion making it the most valuable company in history.

Mashable Business reports:

The company’s stock reached an all-time high of $664.65 per share early Monday afternoon, following strong sales projections for its as-yet-unannounced next-generation iPhone device, the iPhone 5.

The record was previously held by another U.S. technology company, Microsoft, at its height in 1999.

Apple became the most valuable company in the U.S. when it reached a $346.74 billion valuation in mid-2011, topping Exxon Mobil for the first time. It surpassed Microsoft’s market capitalization in 2010.

Apple setting a record valuation now is especially impressive given the passing of co-founder and CEO Steve Jobs in October as well as its relatively modest price-earnings ratio: 15.57. Amazon, by comparison, has a P/E of 291.73, and even Facebook’s beleaguered stock is still trading at a P/E of 68.51.

Congrats, Apple?

  • Cold Fire

    NO! DO NOT CONGRATULATE THEM. THEY ARE SELFISH AND CHILDLIKE WITH THE WAY THEY ARE HANDLING SAMSUNG AND THESE OUTRAGEOUS LAWSUITS. PEOPLE ARE NOT REALIZING, INSTEAD OF COMPETING, THEY WANT TO SUE THE COMPETITION INTO NONEXISTENCE THUS FORCING MANY US CITIZENS TO HAVE NO FREEDOM OF CHOICE. THIS IS WRONG ON APPLE’S END. I CAN NOT SUPPORT THEM IN ANY WAY. A BUNCH OF FUCKING CRY BABIES.

    • http://www.facebook.com/profile.php?id=45002402 Jack Iesson

      Oh, do grow up. This is business.

      • Cold Fire

        I DIDNT ASK YOU WHAT IT WAS MITT ROMNEY!

        • http://www.facebook.com/profile.php?id=45002402 Jack Iesson

          No, but clearly you needed someone to tell you.

        • Cold Fire

          Incorrect and the American public agrees with Samsung’s flagship phone sales SPIKING UPWARD my dear! Looks like you need to read more sweety. Apple is grimey. END OF DISCUSSION!

        • http://www.facebook.com/profile.php?id=45002402 Jack Iesson

          LOL.
          By the way, I’m laughing at you. Not with you.

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