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RSS FeedsApple tops Saudi Aramco as world`s most valuable company
(World News Science)

 
 

1 august 2020 13:30:22

 
Apple tops Saudi Aramco as world`s most valuable company
(World News Science)
 


Apple Inc became the world`s most valuable company with its market value overtaking Saudi Aramco in the wake of better-than-expected earnings. Apple jumped 10% on Friday, ending the day with a record market capitalization of $1.817 trillion. It`s the first time the company`s valuation has surpassed that of Saudi Arabia`s national oil company, which made its market debut in Riyadh in December, and is valued at $1.76 trillion. Before that, Apple had vied with Microsoft Corp. for the title of the U.S.`s largest public company. The dethroning of Aramco comes after a tumultuous period for the Saudi company. Its initial public offering fell short of Crown Price Mohammed bin Salman`s expectations....


 
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