Apple becomes most valuable company in history

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Apple's stock price topped 660 U.S. dollars per share, pushing the company's market capitalization up to 619 billion dollars. The record was previously¹ kept by Microsoft, whose market value peaked on Dec. 30, 1999 with 618.89 billion dollars.

However, accounting² for inflation, Microsoft still retains the title by a margin³. According to technology news site MacRumors, Microsoft's 618.89-billion-dollar market capitalization in December 1999 would be equivalent to roughly 842.5 billion in today's dollars in inflation-adjusted terms. Microsoft is now worth 257 billion dollars.

Apple is expected to introduce iPhone 5 next month and a smaller and cheaper iPad, which has propelled the company's stock to new highs recently.

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