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Apple briefly overtakes Saudi Aramco to become the world's largest company

Apple briefly overtakes Saudi Aramco to become the world's largest company

Apple Inc shares surged as much as 7.1% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world's largest public company.

  • Reuters
  • Last Updated: July 31, 2020, 8:38 PM IST
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Apple Inc shares surged as much as 7.1% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s largest public company.

Shares of the company rose to a record high of $412 in early trading. Closing at that level will give it a market capitalization of $1.786 trillion.

Saudi Aramco , which has been the largest public company since going public last year, had a market capitalization of $1.76 trillion as of last close.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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  • First Published: July 31, 2020, 8:38 PM IST
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