Apple now the most valuable company in history

first_imgIf we were able to somehow pull a technology journalist from 1999 into the present day, this poor soul would be unable to believe Apple was still in business, let alone that it was the most valuable company of all time. Yes, you read that right. Apple is now worth more than any other company has ever been worth. It turns out people really like iPhones.Apple is now worth over $623 billion, which is just a little more than the previous record of $620 billion. That record was from 1999, and it was set by none other than Microsoft. It’s also worth noting that 1999 was in the middle of the tech bubble when almost all stocks were overinflated.In the late ‘90s, Apple was floundering after allowing its software to stagnate. A succession of throwaway CEOs were brought in in an effort to reclaim the glory Apple enjoyed in the ‘80s. As it happens, all Apple needed was to bring a little bit of the ‘80s back to the boardroom. Steve Jobs came back on board after building Pixar and started trying to salvage the company he founded.Jobs could be prickly and aggressive, but the products he wanted to make were made. Sometimes that meant a failure like the Mac G4 Cube, but other times it was an iPhone. Products like the iMac, iPod, iPhone, and iPad have catapulted Apple’s stock price into the stratosphere. At the same time tech companies like Facebook and Groupon are faltering in a big way.Rumors indicate that Apple is preparing to launch a new version of the iPad with a smaller 7-8-inch screen to compete with Amazon and Google. This will be the first major launch since Steve Jobs’ death, but the markets are clearly optimistic that Apple has been forever imbued with the ethos of Jobs.via Reuterslast_img read more