Apple becomes most valuable company of all time
8/20/2012
Record Market Capitalization
On August 20, 2012 Apple closed at a record share price of $665.15. With 936,596,000 outstanding shares (as of June 30, 2012), it had a market capitalization of $622.98 billion. This is the highest nominal market capitalization ever reached by a publicly traded company.
On December 30, 1999 Microsoft reached an intraday high share price of $119.94. With 5,160,024,593 outstanding shares (as of November 30, 1999), it had a market capitalization of $618.9 billion. This was the second highest nominal market capitalization ever reached by a publicly traded company. Adjusting for inflation to 2012, Microsoft's market capitalization would be $846 billion.
| Rank | First quarter | Second quarter | ||
|---|---|---|---|---|
| 1 | Apple Inc.  559,002.1 | Apple Inc.  546,076.1 | ||
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