“Apple is the most valuable company in the world. Nobody else comes close,” Paul R. La Monica reports for CNNMoney.

“It is worth more than $670 billion. Stop and think about just how iNormous that is for a second,” La Monica reports. “Apple has a $260 billion market value lead over key rival Microsoft and is worth $300 billion more than Google, another big competitor.”

“pple’s market cap is $185 billion higher than the combined market values of all 20 companies in the Dow Jones Transportation Average, an index that includes well-known blue chips such as FedEx, UPS, Union Pacific and Delta,” La Monica reports. “So how much higher can Apple’s stock climb? Could it one day be worth more than $1 trillion? Legendary investor Carl Icahn thinks so.”

Read more in the full article here.

MacDailyNews Take: It’s déjà vu all over again.

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