Despite its current legal woes, Apple has reason to celebrate. According to MacRumors, the 36-year-old company has hit a new financial milestone: Apple is the most valuable publicly-traded stock ever. Before today, Microsoft has held the crown since 1999:
"Microsoft's market capitalization peaked on December 30, 1999, reaching an intraday high of $119.94 per share. With Microsoft having documented 5,160,024,593 outstanding shares as of October 31, 1999 in its quarterly earnings report, the company would have had a market capitalization of $618.89 billion on December 30.
"Apple's most recent quarterly filing listed 937,406,000 outstanding shares as of July 13, 2012, and with the company's stock price hitting $660.73 today, its market capitalization reached $619.37 billion."
Now that Google/Motorola is suing Apple for patent infringement, it's going to need all the cash it can get.