Full story at the Associated Press:
Apple is the world’s most valuable company, ever.
On Monday, its surging stock propelled the company’s value to $623 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
The comparison to Microsoft does not take inflation into account. In inflation-adjusted dollars, the software giant was worth about $850 billion on Dec. 30, 1999. Microsoft is now worth $257 billion.
According to an April report from TechCrunch, the iTunes Store generated $1.9B in a single quarter of 2012:
… the iTunes store generated $1.9 billion in revenue in the second quarter of this year. Apple didn’t break out how much of that was devoted to songs versus apps.
Apple’s market cap is now $200 billion greater than that of Exxon Mobil, the company with whom it was dueling for the title of “world’s most valuable company” a little over a year ago.