Apple Jumps 2.7 points to reach Purple Chip status at 621 billion
Apple is the biggest company in the world now trumping a record set in 1999 by Microsoft – Apple has surpassed and and all expectations to reach a capitalization of over 620 billion.
Apple has the support of the people and shareholders and set to reach even greater heights with new product launches coming up and a sharp focus on innovation to now maintain and grow this self-perpetuating money making machine.
Apple stock hit new highs and jumped 2.7% on optimism surrounding the impending launch of the iPhone 5 and a better small and cheaper iPad in time for Christmas.
Microsoft would still hold the record if the numbers were adjusted for inflation.