Apple is Most Valuable of All

Tech giant Apple has become the most valuable publicly listed company of all time. Its market value has peaked at US$620 billion.

Its shares increased 2.3 percent, reaching US$662.73. Apple’s shares also increased close to nine percent this August after Wall Street expects the launch of the latest iPhone. Since iPhone’s debut in January 2007, Apple’s value has increased more than seven times.

When Apple’s shares peaked as high as US$664.74, Wall Street has pegged Apple’s value at US$623.14 billion, making it the most valued company of all time.

Apple also surpassed record-holder Microsoft. In 1999, Microsoft’s value peaked as high as US$620.58 billion.

And while everything is coming up roses for Apple, Facebook’s stock continues to slide. In yesterday’s trading, its value fell to as low as US$18.75 before it finally closed at around $20.

Wall Street remains worried as early investor Peter Thiel has sold all of his Facebook stocks to a tune of US$395.8 million. Thiel is a venture capitalist and one of the early investors in Facebook.

Meanwhile, Apple’s star continues to shine bright.  As the excitement over the new iPhone reaches its peak, industry observers believe that Apple’s value would continue to be stable. Throughout Apple’s history, its stocks increase prior to major product launches.

One analyst said that it is important that Apple launches its iPhone within the year. This would allow the company’s shares to continue increasing.

Although there is no official word from Apple yet, many are saying that iPhone 5 will be launched this September.