News > Apple tops Saudi Aramco as most valuable publicly listed firm
Apple tops Saudi Aramco as most valuable publicly listed firm
News India | 31/07/2020 11:04 PM | Click to read full article
Apple Inc's stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world's most valuable publicly listed company.
Apple's stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion. With Friday's stock gain, Apple has surged about 40% year to date, with investors betting that it will emerge from the coronavirus pandemic stronger than smaller rivals.