John Paczkowski

Recent Posts by John Paczkowski

Insanely Huge: Apple Becomes the Most Valuable Public Company Ever

After charting an all-time high of $647.21 and bringing Apple’s market capitalization beyond $600 billion last week, shares in the company rose higher still on Monday, carrying it past another milestone. Apple today became the most valuable public company of all time.

Apple’s stock price rose more than $16 this morning, to a new high of $664.74 in late-morning trading. And with 937.41 million shares outstanding, that pushed the company’s market cap beyond $623 billion. That’s an all-time record for a publicly traded company, beating out Microsoft, which claimed the title back in December 1999, when its market value hit $616.3 billion. (Addendum: As noted below, that does not take inflation into consideration; in inflation-adjusted dollars, Microsoft was worth about $850 billion at the end of 1999.) Microsoft today is valued at about $257.6 billion.

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 more than a year ago.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work