News by Luke Jones on Wednesday February 11, 2015.
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Apple has been enjoying a stellar start to 2014 where the company has put to an end doubts about its dominance. The company sold as many smartphones as Samsung last quarter, recorded the most profitable three months in history, and saw just about everyone give it a good old pat on the back. The celebration is not over for Cupertino though as it became the most valuable company in history this week.The company's shares closed Tuesday as $122.02, which means that the market capitalization of Apple values the brand at more than $700 billion. Wall Street is now saying that Apple is worth $710.7 billion, making it the first company to ever crack that magic $700 billion mark. It is also significantly more than the current second place company could manage. That company was oil giant Exxon, which closed with a market capitalization of $385 billion. Compared to tech rivals, Apple is worth more than Google and Microsoft combined.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.