Most valuable company - ABC 33/40 - Birmingham News, Weather, Sports

Most valuable company

Posted: Updated:

If you have stock in Apple, you may be happy to know the company's stock rose to a new high today Monday, making it the most valuable public company in history. When Apple shares reached $663.23 a share, it broke Microsoft's record set in 1999.  That was at the height of the dot-com bubble. 

The share price puts Apple's market value at $622 billion. It's a stunning achievement, considering the company was worth less than 10 billion as recently as 2004. With the help of the iPhone and the iPad, Apple is on pace to be the world's largest technology company in terms of sales by the end of the year. With rumors of a larger, faster iPhone, a smaller iPad and an Apple TV update, the company's growth shows no signs of slowing.