Apple becomes most valuable company of all time

Posted by on August 20, 2012
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An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012. REUTERS/Stephen Lam

An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012.

Credit: Reuters/Stephen Lam

NEW YORK | Mon Aug 20, 2012 12:45pm EDT

NEW YORK (Reuters) – Apple Inc became the most valuable public company of all-time on Monday when the combined value of its shares exceeded a previous record set by Microsoft.

Apple traded at $ 664.74 to give it a market value of $ 623.14 billion, above the record set by Microsoft of $ 620.58 billion set in 1999 at the height of the tech bubble, according to data provided by S&P Dow Jones Indices.

(Reporting By Edward Krudy; Editing by Kenneth Barry)

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