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Apple just became the first $700 billion company. Ever.

AP Photo/Jeff Chiu
By Matt Phillips
Published Last updated This article is more than 2 years old.

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.


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