Day: August 1, 2020

Apple Tops Saudi Aramco as Most Valuable Publicly Listed Company

Apple surged over 10 percent to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock ended the session at $425.04 (roughly Rs. 31,800), putting its market capitalisation at $1.82 trillion (roughly Rs. 1.3 crore crores), according to the share count provided by Apple in a regulatory filing on Friday.

It was Apple’s largest one-day percentage gain since March 13, and it added $172 billion (roughly Rs. 1.2 crore crores) in market capitalisation during the session, greater than the entire stock market value of Oracle.

Saudi Aramco, which had been the most valuable publicly listed company since going public last year, had a market capitalisation of $1.760 trillion as of its last close, according to Refinitiv data.

After Apple bought back $16 billion worth of shares in the June quarter, it

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