Apple which is already the world's most valuable company hit the benchmark of $600 billion for the first time. If reports are to be believed, Apple’s market capitalization has reached to a scaled peak where very few companies have ventured and none has stayed for long.

Latest stats revealed, Apple’s shares gained 1.2 per cent to $644, bringing its market value to $600.4 billion. 

Apple started gaining momentum when it forayed into the smartphone market with the launch of its first version of iPhone in 2007. Within a shorter span of time, Apple has surpassed other bigwigs of tech industry including RIM and Nokia. 

Interestingly, Apple’s remarkable iPad’s launch, company's profits soared by selling the device in millions.

It is worth noticing, Apple's arch rival Microsoft was worth just more than $500 billion briefly at the end of 1999. To the reader’s surprise, once Microsoft even shot up above $600 billion level for one day in 2000. Unfortunately, Microsoft is now worth $255 billion. 

However, Apple's market capitalization is still well below Microsoft's 1999 record if inflation is taken into account.

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