Apple has become the most valuable company ever after topping a record previously held by another technology firm, Microsoft, reports the New York Post.
Apple’s shares hit a historic high of $665.15 on Monday, giving the company a market capitalization of $623.5 billion. The previous record was held by Microsoft, which hit $618.9 billion in December 1999.
The record doesn’t add in the effect of inflation, which would make Microsoft’s peak value about $850 billion today.
Apple’s market cap has doubled in about a year and a half, the story adds.