This looks like a one of the bed-stories my granny used to tell me. But, now atleast one of them has become true. Apple, a company once standing on the brink of Bank-corrupcy , has evolved into the ‘Most Valuable Company’ in the history of business. With the share price that peaked to $664.65 on Monday, Apple valuation has reached to all time high $621.64 billion.
Interestingly, the valuation has mounted at the point when company is reportedly going to launch iPhone 5 and iPad Mini in a month time from now. The strong sales projection of iPhone 5 is the main cause of such mammoth jump in share price as well as in valuation.
It was January this year when Apple led the list of “World’s Most Valuable Companies” with $418 billion valuation after the frenzy sales and profit from iPhone 4S released in November last year. In last 8 months, company’s valuation has been appreciated by 50%, which is really an astounding performance in itself.
With the new valuation height, today Apple has finally broken off the record of highest valuation ever by any company which was held by Microsoft till date. In 1999 Microsoft touched the valuation of $620 billion which was highest valuation ever of any company before Apple concord on Monday.
Apple’s magical growth is a part of bumpy ride company faced in last decade – specially before the launch of iPod. In fact, quite recently company was accused of sitting on mammoth cash hoard rather than investing for workers’ betterment. But Apple remained intact with the focus under the leadership of Cook – who replaced visionary Steve Jobs just a month before his death in October.
Here, we are leaving you with a video infographic that speaks about Apple’s fanatical vision, astounding growth and numbers to surprise you till core.
Update: A recent twist in conjunction with above report, now some one is stating that most of the blogs and journos have overlooked and important factor which calculating the valuation of Microsoft in 1999. The Columbian journo blog – The Audit – has claimed that Microsoft’s valuation of $620 billion in 1999 ( 1 good 13 years gap) is actually equal to $850 billion in inflation-adjusted dollars.
However, I feel that The Audit is just going by their logic rather than actual numbers, figures and stats. Though, adjustment and calculation of inflation is a good idea but officially its the number which stood then and now. Microosft valuation of $620 billion in 1999 is a number and a record and Apple’s $621 billion valuation is technically correct by all the means to state the “Most Valuable Company” in the history.
The debate is having slight room of complexity and its all depends on people who they would like to take it. I would say that die-heart fans of Microsoft would go with the justification given by The Audit but majority (and realistic) of people would stand by the numbers and Apple.