Apple Sets Record as History’s Most Valuable Company

Posted August 20th, 2012 at 5:15 pm (UTC-5)
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Apple broke a record Monday — becoming the most valuable public company in history.

Shares of Apple stock surged more than 2 percent, pushing the company's value to more than $623 billion. This surpasses the previous record set by Microsoft in 1999.

Financial analysts say the jump in Apple stock was sparked by next month's expected launch of a new version of the iPhone.

The late Steve Jobs co-founded Apple with Steve Wozniak in 1976, pioneering the mass-produced personal computer.