It’s never been done before. Apple’s share climbed 1.9% to close at $122.02, making it the first company to finish a day of trading at a market valuation of more than $700 billion. (Technically it was higher than $710 billion.)
That’s the largest nominal value for a company ever. But in inflation-adjusted terms Apple still has a ways to go before it bests the high-water mark set by Microsoft, when in late 1999 it reached a market value of more than $870 billion in today’s dollars. Here’s a look at inflation-adjusted market caps of other giant stocks over the years.