Apple sets record for company value

5:52 AM, Aug 21, 2012   |    comments
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NEW YORK -- Every time Apple's stock price goes up, the company sets a new record.

Apple, which already was the most valuable company in the world, became the most valuable in history Monday.

It hit a market value of more than $623 billion, surpassing Microsoft's record from 1999.

Apple is worth almost twice as much the next most valuable company, Exxon Mobil.

Apple stock gained more than two and-a-half percent yesterday, rising more than 17 dollars to $665.15 a share. It keeps climbing amid expectations it will soon launch iPhone 5, and possibly a smaller, cheaper iPad.

(Associated Press)

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