Apple Inc breaks Microsoft Market Cap Record

Apple’s (AAPL) share price is doing exceedingly well at the moment. CNNMoney had reported that the Cupertino,” went on a tear Monday, gaining more than $16 a share to hit $664.74 in late morning trading. With 937.41 million shares outstanding, that put its market cap at better than $623 billion — an all time record for a publicly trading company.”

The market cap. has mashed the previous record holder  – Microsoft (MSFT), whose market cap hit $618.9 billion on Dec. 30, 1999. According to the report, “if adjusted for inflation, according to the AP, that equals about $850 billion in today’s dollars. Microsoft is currently valued at $257.6 billion.”

Source: Yahoo.finance, CNNMoney