Apple overtakes Saudi Aramco to become world’s most valuable company

by nativetechdoctor
2 minutes read

Saudi Aramco was the most valuable company in the world last year, but technology giant Apple set a new record after shares rose more than 10 percent. Apple shares rose more than 10% to record highs, and Apple has surpassed Saudi Aramco to become the most valuable company in the world.

According to a Reuters report, Apple shares ended the session at $ 425.04, and at the end of the trading session, Apple valued $ 1.82 trillion, while Aramco was $ 1.76 trillion. Apple’s rating then rose to $ 172, higher than Oracle. This is Apple’s biggest one-day percentage since March 13.

According to the report, Saudi Aramco, the most valuable listed company since last year’s IPO, has a market capitalization of $ 1,760 trillion, according to Refinitiv data. According to AppleHad, the file bought back $ 16 billion of shares in the June quarter and had 4,275,634,000 shares outstanding on July 17. Apple rose nearly 45% when the stock rose on Friday. Investors hope that he and other large technology companies in the United States will emerge from the coronavirus epidemic compared to smaller competitors.

In its quarterly report, Apple announced a 4-in-1 retail separation based on adjusted August 31 adjustments. This is Apple’s first split since 2014. Incidentally, it surpassed Saudi Aramco The most valuable company in the world is a big achievement for Apple.

Apple has made a significant place not only in the stock market but also in the tech industry and this is the reason that users are also keeping an eye on every movement related to the company in the market. Please tell that this time the company is its users

For iphone 12 is coming and many leaks and revelations have been revealed about it so far. But a report recently revealed that the company will not launch iphone 12 in September, like every time. According to the report, due to the delay in production, users may have to wait until October for iphone 12.

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