Apple Is Now The Most Valuable Company In History
15 years ago, which was only three years before our own inception, the news were filled with all sorrow of how Apple was inevitably going bankrupt. Michael Dell even said that the best thing Apple could do was close the company down and pay back their investors. The company that had first pushed the personal computer was actually just 90 days from going bankrupt when Steve Jobs returned.
Today, just months after Steve Jobs’ passing, Apple has not only surpassed Exxon as the most valuable publicly traded company in the world, but is also the most valuable company in history by reaching a market cap of $620.50 billion. What’s even more interesting is that this record belonged to Microsoft, which in December of 1999 was worth $618.89 billion, and is sadly now worth just one third of that amount. Obviously if we would apply the inflation rates of the past years, Microsoft would today be worth $842,5 billion. Too bad the story ended up being different.
Obviously these numbers fluctuate every hour, and with no Apple products being released for the next month, and with all the drama of the Apple Vs. Samsung trial, this could just last a day or two. Still, it makes you wonder: If you knew that whatever you started today in your garage could ever become so valuable, would you think twice?