Home World North America Apple Becomes Most Valuable Company Ever With a market capitalisation of around $623 billion, the tech giant is now the world’s most valuable public firm. by Aarti Nagraj August 21, 2012 Apple is now the most valuable public company of all time, with a stock market value of around $623.52 billion. The tech giant reached the milestone on Monday, after it surpassed Microsoft’s record of $616.34 billion set in 1999. Apple shares surged 2.6 per cent on Monday to close at $665.15. The news comes ahead of the expected launch of Apple’s iPhone 5 in September. Speculators also expect the introduction of a smaller iPad. Apple, which almost filed for bankruptcy 16 years ago, is now almost twice as valuable as Exxon Mobil, the second biggest company by market capitalisation. The tech company’s stock has risen 64 per cent this year. However, despite its market valuation, Apple is also facing a number of challenges. The tech giant is currently stuck in a legal deadlock with rival Samsung in a patent-infringement case. Earlier this week, Google’s Motorola Mobility unit also filed a patent infringement claim against Apple with the International Trade Commission, accusing the company of infringing on seven of its technology patents. Apart from legal issues, Apple’s most popular product, the iPhone, is also facing tough competition from Android devices such as Samsung’s Galaxy S3. Tags Apple Samsung 0 Comments You might also like Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute Apple beats quarterly estimates as iPhone sales edge up Apple revamps MacBook lineup with M3, M3 Pro and M3 Max chips Apple releases software update to resolve iPhone 15 overheating issue