Apple Topples Saudi Aramco, Becomes World’s Most Valuable Company

Apple has toppled Saudi Aramco as the world’s most valuable company after its stock hit a record high on Friday, smashing Wall Street’s expectations. Apple stock went up $412.22 a share, to put its market capitalization at $1.762 trillion to trump Saudi Aramco’s record. According to data from Refinitiv, Saudi Aramco has held the position of most valuable public company since last year, and had a market capitalization of $1.760 trillion as of its last close. Analysts had expected revenue to drop 2% to $52.6 billion on average. And earnings per share of $2.58, up 18%, crushed the average forecast … Continue reading Apple Topples Saudi Aramco, Becomes World’s Most Valuable Company