Apple broke a record Monday becoming the most valuable public company in history.
Shares of Apple stock surged more than 2 percent, pushing the company’s value to more than $623 billion. This surpasses the previous record set by Microsoft in 1999.
Financial analysts say the jump in Apple stock was sparked by next month’s expected launch of a new version of the iPhone.
The late Steve Jobs co-founded Apple with Steve Wozniak in 1976, pioneering the mass-produced personal computer.