HIGHER AND HIGHER

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

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.)

Apple-s-market-value-Apple-market-value_chartbuilder-(2)

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.

Inflation-adjusted-market-capitalization-Apple-IBM-GE-Microsoft-NTT-Exxon_chartbuilder (2)

 

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