World Economy

Apple Worth at $700b

Apple Worth at $700bApple Worth at $700b

Apple has now been valued at over $700b and heading for the one trillion dollar valuation mark, market analysts said Wednesday. Its market cap has more than doubled in the three years that CEO Tim Cook has been at the helm, Business World reported. Apple is the first S and P 500 company to ever reach a $700 billion market cap. Yet, on an inflation-adjusted basis, it still has way to go to be the most valuable company of all time because Microsoft’s market cap peak of $613 billion in 1999 translates to nearly $874 billion in 2014 dollars, according to CNBC online Wednesday.