Apple (briefly) becomes world’s most valuable company
Vying with Saudi Aramco, the tech giant hit a market cap of $1.765-trillion as falls in demand and prices hurt Saudi’s national oil company
31 July 2020 - 18:18
San Francisco/Dubai — Apple briefly became the world’s most valuable company with its market value overtaking Saudi Aramco in the wake of better-than-expected earnings.
Apple rose as much as 7.1% on Friday, touching a record market capitalisation of $1.765-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. Before that, Apple had vied with Microsoft for the title of the US’s largest public company...
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