In the past 10 years, Apple Inc. has grown incredibly fast. Moreover, in 10 years Apple’s stock price increased by more than 8,000 percent, as an infographic from Statista shows, and today the Cupertino Company is the most valuable in history.
Apple’s stock market valuation reached last week $621.64 billion, braking down Microsoft’s record from 1991. Yet, there are some controversies about whether Microsoft still owns the record or not, but Apple is surely today’s most adored and most influential company.
The infographic from Statista, named ‘Apple – The most valuable company in the world’ illustrates in a detailed way the market capitalization of giant public and media companies as Exxon Mobil, Microsoft, Wall-Mart, Google, Facebook, HP, Yahoo, eBay, Amazon and many others, compared to Apple’s market capitalization.
Apple is now the most valuable and most influential company that the economy has ever known. On this Monday stock market valuation Apple scored $623.52 billion, setting a new record valuation and taking over the title from Microsoft.
It is not the first time when Apple takes the lead over the market. The Cupertino Company surpassed Exxon Mobil’s earnings in 2011 and Microsoft’s in 2010, but this Monday Apple has managed to score a new, historical valuation number that makes it worthy of rivaling with powerful U.S. giants as General Motors Co., and International Business Machines Corp.
Richard Sylla, professor of financial history at New York University’s Stern School of Business affirms that Apple “is one of those iconic companies. When I think about these companies, their products were used by all kinds of people and their leaders were considered geniuses.”
Apple is the company that became a standard and a source of inspiration for other tech companies and deserves all the approbation. Also, I can anticipate that Apple will break its own new record once with the release of the iPhone 5 in September.