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Apple Now The Most Valuable Company In History by Nobody: 6:52pm On Aug 20, 2012
Apple‘s valuation reached $621.64 billion lipsrsealed lipsrsealed lipsrsealed Monday morning, making it the most valuable company in history.
The record was previously held by another U.S. technology company, Microsoft, at its height in 1999.
However, it was recently announced in the first quarter earnings of Apple computers that iPhone alone made more money for Apple than all Microsoft products combined. tongue
To me, Steve Jobs is a god.
I earlier wrote on Nairaland about how the late co-founder of Apple's house got bugled and only $1 (his annual salary)was found in his wallet plus a few other items.
link here.
If you study the lives of these people, you will notice something extra ordinary about their ordinariness. sad
Re: Apple Now The Most Valuable Company In History by Nobody: 12:26pm On Aug 21, 2012
In another twist to the story, analysts at Tech crunch a popular technology blog claim that Apple isn`t yet the most valuable company in history with over 600 billion dollars valuation.
The claim IBM in 1967 was worth 192 billion dollars and taking inflation into consideration, 1 dollar at that time is worth 6 dollars now. So if you do your maths IBM`S value then is worth much more than 600B Dollars now.
Re: Apple Now The Most Valuable Company In History by Nobody: 1:00pm On Aug 21, 2012
chipmunkey: In another twist to the story, analysts at Tech crunch a popular technology blog claim that Apple isn`t yet the most valuable company in history with over 600 billion dollars valuation.
The claim IBM in 1967 was worth 192 billion dollars and taking inflation into consideration, 1 dollar at that time is worth 6 dollars now. So if you do your maths IBM`S value then is worth much more than 600B Dollars now.
Very true, there are even families, yes families with higher capitalization in today's money and even single individual.


Rothschilds
The wealth of the Rothschild family at its height during the mid-19th century has been estimated in today's terms in the hundreds of billions, or even in the trillions, of dollars.


John D. Rockefeller
Rockefeller depicted as an emperor of oil and railroad in a contemporary satirical cartoon.
On 29 September 1916, John D. Rockefeller became the first man to ever reach a nominal personal fortune of US$1 billion. Rockefeller amassed his fortune from the Standard Oil company, of which he was a founder, chairman and major shareholder. By the time of his death in 1937, estimates place his net worth in the range of US$392 billion to US$663.4 billion in adjusted dollars for the late 2000s, and it is estimated that his personal fortune was equal to 1.53% of the total U.S. annual GDP in his day. When considering the real value of his wealth, Rockefeller is widely held to be the wealthiest American in history.

http://en.wikipedia.org/wiki/List_of_wealthiest_historical_figures

If the people above were that wealthy, imagine the value of their companies. John D Rockefeller owns standard oil. Standard oil is the parent company of


The successor companies from Standard Oil's breakup form the core of today's US oil industry. (Several of these companies were considered among the Seven Sisters who dominated the industry worldwide for much of the 20th century.) They include:
Standard Oil of New Jersey (SONJ) - or Esso (S.O.) – renamed Exxon, now part of ExxonMobil. Standard Trust companies Carter Oil, Imperial Oil (Canada), and Standard of Louisiana were kept as part of Standard Oil of New Jersey after the breakup.
Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now part of ExxonMobil.
Standard Oil of California – or Socal – renamed Chevron, became ChevronTexac[/b]o, but returned to Chevron.
Standard Oil of Indiana - or Stanolind, renamed Amoco (American Oil Co.) – now part of [b]BP
.
Standard's Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now part of BP. Atlantic operations were spun off and bought by Sunoco.
Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California - currently Chevron.
Continental Oil Company – or Conoco now part of ConocoPhillips.
Standard Oil of Ohio – or Sohio, acquired by BP in 1987.
The Ohio Oil Company – or The Ohio, and marketed gasoline under the Marathon name. The company is now known as Marathon Oil Company, and was often a rival with the in-state Standard spinoff, Sohio.
Other Standard Oil spin-offs:
Standard Oil of Iowa – pre-1911 – became Standard Oil of California.
Standard Oil of Minnesota – pre-1911 – bought by Standard Oil of Indiana.
Standard Oil of Illinois - pre-1911 - bought by Standard Oil of Indiana.
Standard Oil of Kansas – refining only, eventually bought by Indiana Standard.
Standard Oil of Missouri – pre-1911 – dissolved.
Standard Oil of Louisiana – always owned by Standard Oil of New Jersey (now ExxonMobil).
Standard Oil of Brazil – always owned by Standard Oil of New Jersey (now ExxonMobil).
Other companies divested in the 1911 breakup:
Anglo-American Oil Co. – acquired by Jersey Standard in 1930, now Esso UK.
Buckeye Pipe Line Co.
Borne-Scrymser Co. (chemicals)
Chesebrough Manufacturing (now Unilever)
Colonial Oil.
Crescent Pipeline Co.
Cumberland Pipe Line Co.
Eureka Pipe Line Co.
Galena-Signal Oil Co.
Indiana Pipe Line Co.
National Transit Co.
New York Transit Co.
Northern Pipe Line Co.
Prairie Oil & Gas.
Solar Refining.
Southern Pipe Line Co.
South Penn Oil Co. – eventually became Pennzoil, now part of Shell.
Southwest Pennsylvania Pipe Line Co.
Swan and Finch.
Union Tank Lines.
Washington Oil Co.
Waters-Pierce.
Re: Apple Now The Most Valuable Company In History by Nobody: 7:29pm On Aug 21, 2012
The most amazing part of the news is that the iPhone alone made more money for Apple than the whole of Microsoft`s products combined. That to me is revolutionary.

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