Hitting a new high, Apple is now the most valuable company the world has ever seen. The maker of the iPhone and iPad is now worth $623 billion, topping Microsoft’s high-water mark of $620.58 billion in 1999. Apple Inc. has been the world’s most valuable company since the end of last year. It’s now worth 53 percent more than No. 2 Exxon.
Apple is the world’s most valuable company, ever. On Monday, its surging stock propelled the company’s value Relevant Products/Services to $624 billion, beating the record for market capitalization set by Microsoft Relevant Products/Services Corp. in the heady days of the Internet boom.
According to the latest predictions, ’s September 12 launch of the iPhone 5 will be the biggest in history, at least according to Peter Misek from Jefferies research. The firm is predicting that Apple will have about 15 million iPhone 5 devices in inventory by mid-September, enough to satisfy at least the initial demand.
The company also noted that more than 600 millionusers will be coming out of their contracts by the end of 2013 and that a generous share of those will want new iPhones.
There is almost certainly a pent-up demand for the new iPhone. In fact, the advent of the iPhone is being blamed for a fall in smartphone sales in the second quarter of 2012. According to a Gartner study, smartphone sales globally were off 2.3 percent during that quarter. While the weak European and Asian economies likely played a part in that slump, Gartner said that users were also postponing upgrades so they could buy the new iPhone 5 when it comes out.
The next-generation iPhone is set to launch in just three weeks and trade-ins are peaking, so now is the perfect time to start exchanging those soon-to-be old models to earn some cash for Apple’s upcoming smartphone.
9to5Mac compiled a list of reliable places to help you trade in that ole’ dusty iPhone for cash or credit—up to $500s worth in some cases! That is enough to buy a new iPhone and cover the AT&T early termination fee for moving to a carrier that fully supports FaceTime.