Apple Beats Saudi Aramco, Becoming The Most Publicly Traded Company Globally

  • AUTHOR: dua
  • POSTED ON: August 3, 2020

the Apple fans would be elated to find out that Apple has established itself as
the world’s most valuable traded company. It earned the top spot by surpassing
Saudi Arabia’s state-owned oil company called Saudi Aramco. On Friday, its
approximate business and market valuation was of $1.84 trillion whereas Saudi
Aramco stood tall with $1.76 trillion. Ever since the end of March, Apple’s
stock has witnessed a steady and consistent climb in numbers – in fact on
Thursday it made a record-breaking earning of $425.04!

Q3, Apple’s total revenue has crosses $59.7 billion which highlights an 11
percent increase from last year. Mac and iPad have continued to gauge strong
numbers, but obviously, the most likely reason for this jump has to be the pandemic. People have been forced to work remotely because of the COVID-19
situation and that has surged the demand for Apple products and devices like TYPECASE
Touch – iPad 7th Generation
Wireless Charger
, etc.

has also made announcement for a four-for-one stock split which is part of its
Q3 earnings. This will mostly likely lower the price of an individual stock, at
least that’s the common prediction.

Apple wasn’t the only company that announced its Q3 earnings. Amazon, Facebook,
and Google also revealed their Q3 revenue – Amazon has as expected doubled its
profit; Facebook has observed a 12 percent increase crossing 1.79 billion. The
big four companies have netted $28.6 billion in profits, and that too, during a

Updated August 3, 2020
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