Apple is now the most valuable publicly-traded company in the world. The tech giant surpassed Saudi state oil giant Aramco at the close of Friday’s market per NBC News.
We’re conscious of the fact that these results stand in stark relief during a time of real economic adversity.Tim Cook, Apple CEO
Apple shares closed up by 10.47 percent, resulting in a market valuation of $1.84 trillion. Subsequently, Saudi Aramco now stands at $1.76 trillion.
Apple boasted a bold third-quarter fiscal earning of $59.7 billion with a 4-for-1 stock split which brought shares up to over 44 percent this year. March saw the company at one of its lowest points due to the COVID-19 pandemic, but all that seems like an afterthought with its strong performance the last couple of months.