27 C
Indore
Thursday, August 6, 2020
Home Business Apple Briefly Overtakes Saudi Aramco To Become World's Largest Company

Apple Briefly Overtakes Saudi Aramco To Become World’s Largest Company


Apple beat street expectations in June quarter results

Apple Inc shares surged as much as 7.1 per cent 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, news agency Reuters reported.  According to Reuters, 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.

On Thursday too, the company’s shares soared up to 6 per cent after Apple reported revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. Apple’s fiscal third-quarter revenue and profits were $59.69 billion and $2.58 per share, compared with analyst expectations of $52.25 billion and $2.04 per share.

 

Most Popular

Xian Conference Center / gmp Architects

Xian Conference Center / gmp Architects© CreatAR Images+ 10ShareShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/945106/xian-conference-center-gmp-architects © CreatAR ImagesText description provided by the architects. Construction of the Silk Road International Conference...

Shatrughan Sinha राम मंदिर शिलान्यास से हुए अभिभूत, बोले- जब कमल का राज आएगा तभी…

राम मंदिर भूमिपूजन (Ram Mandir Bhumi Pujan) को लेकर शत्रुघ्न सिन्हा (Shatrughan Sinha) ने किया ट्वीटखास बातेंराम मंदिर शिलान्यास को लेकर शत्रुघ्न सिन्हा...

8 Dead After Fire Breaks Out At Covid-19 Hospital In Ahmedabad

Ahmedabad Hospital Fire: Fire broke out at Shrey Hospital in Ahmedabad early Thursday morning.Ahmedabad: Eight people have died after a huge...

Amazon Prime Day 2020: Exciting Deals On Kitchen Appliances That You Can’t Miss!

It is that time of the year when festivities are at peak. And to make it yet more special, Amazon is here with...

Recent Comments