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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News