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

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News