Apple’s market value now $620 billion, becomes most valuable company

It might take a big pessimist to say that Apple’s stock prices will fall; the share prices of the fruit company have been rising since the past few months over the increased speculation of the new iPhone. Moreover there is speculation of new iDevices coming out such as the iPad mini and the new iPod which also contributed to the 8% increase in share prices and a 2.3% increase in the last few days.

Apple’s price per share now stands at $662.73 which doesn’t seem that extraordinary but what is really a big milestone is the fact that the market value of Apple has become $620 billion and that just set a world record for being the most valuable company of all time. This certainly isn’t such good news for Microsoft as Apple has surpassed by on numbers as well.

In 1999, Microsoft had a market price of $619 billion, and taking inflation into account it would stand at around $840 billion. It’s no secret that the rise in share prices is due to the recent interest in Apple and their new iPhone’s launch being just a month away. Even history shows us that Apple’s stock prices always increase amid speculation of new products.
Come the new iPhone this September, analysts speculate that a number of factors could negatively affect the stock price of the company. This could be due to the inability to produce components to meet up with supply as Apple has had trouble with their supply chain in the past and it might just happen again. Its big news that Apple is stated as the most valuable company ever and let’s just hope that the introduction of their new devices turns out to be the best for them.