Apple's stock reaches highest value in market history

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Tuesday, August 21, 2012

Stock of the Cupertino, Calif.-based juggernaut had been slumping for months but recently it's been rocketing.

On Monday, Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever. It beat the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

After a four-month dip, Apple’s stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a smaller, cheaper iPad

Read more in today's Register-Guard.

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