We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Apple isn't the most valuable company ever?

Claims emerge that PetroChina stops Apple taking the crown

Apple was reported to be the most valuable company in history today but the claim could be false.

Websites across the internet today cited Apple as the most highly valued company of all time after beating Microsoft's December 1999 record. However, it turns out Apple's £396bn value doesn't take it to the top spot.

Apple logo

This new peak for the iPhone maker thanks to a rise in share prices to £423 apiece is eclipsed by PetroChina, a Chinese gas and oil firm worth £458bn, according to The Inquirer.

However, the issue is debatable since many other sources state, firstly, that PetroChina was briefly worth $1tn (£634bn) in 2007 taking only the Shanghai stock exchange into account. The firm also trades on the New York and Hong Kong stock exchanged where it has never surpassed $500bn (£317bn).

Whether or not Apple has the title of most valuable company ever or not cannot change the fact it has gone from strength to strength. Hype is building quickly as we head towards the launch of the next generation iPhone, probably the iPhone 5 and the rumoured iPad Mini which will supposedly launch on 12 September.

Follow Chris Martin and @PCAdvisor on Twitter.


IDG UK Sites

Windows 10 for phones UK release date, price and new features: When will my phone get Windows 10?

IDG UK Sites

It's World Backup Day 2015! Don't wait another minute: back up now

IDG UK Sites

How Lightroom works: Where are my photos and how do I back up?

IDG UK Sites

New 13-inch Retina MacBook Pro (early 2015, 2.7GHz) review: Just about the greatest upgrade any...