Apple is most valuable company ever?

By now, you should have heard the news and while it does not necessarily come as a surprise, it is rather telling in terms of a potential changing of the guard in the technology and business space.

Apple Inc. is now the most valuable company ever with a current valuation of close to $624 billion, supassing Microsoft Corporation's valuation of around $621 billion in 1999.

However, when adjusted for inflation, according to USA Today, Microsoft still holds sway (albeit for now) until Apple's stock (which accounts for close to 25% of the value of all technology companies on the S&P 500) exceeds $900 a share.

Apple shares are currently trading at around $665 a share.