Printed from http://www.electronista.com

Apple stock hits record value, beats Microsoft's 1999 peak

updated 07:33 pm EDT, Mon August 20, 2012

Market cap surges to $624B amid product speculation

Apple stock on Monday continued to climb, reaching a market capitalization of $623.5 billion and setting an all-time record for company value on a public exchange. The previous record was held by rival Microsoft for more than a decade, after the Windows developer reached a market cap of $618.9 billion near the peak of the dot-com bubble in 1999, though the direct comparison is not adjusted for inflation.

AAPL shares are believed to be surging due to anticipation surrounding the company's fall product lineup, which is expected to include the fifth-generation iPhone. Other rumors point to new Macs, refreshed iPods, and a new iPad that is smaller than its predecessors.

Investors appear to be unfazed by the ongoing litigation between Apple and most if its primary competitors in the tech industry. Nine jurors are currently considering the arguments in one trial that represents part of a larger patent war between Apple and Samsung, while a separate lawsuit was filed by Motorola just last week.

Apple has yet to confirm any launch plans surrounding upcoming devices, though the fifth-generation iPhone is rumored to arrive sometime next month.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

Sponsor

toggle

Most Commented

 
toggle

Popular News