Apple released impressive third-quarter results yesterday and announced a 4-1 stock split. With the open market this morning, AAPL’s shares hit a new all-time high and now the company’s market value has briefly surpassed that of Saudi Aramco to become the world’s most valuable public company on its way to market value. of $ 2 billion.
AAPL shares opened more than 6% this morning after the company’s record new June quarter, pushing them to more than $ 410 (as of writing), a new all-time high for the stock.
In June, Apple reached the new milestone of a market capitalization of $ 1.5 trillion and the company’s latest share surge brought it to $ 1.78 trillion, momentarily surpassing Saudi Aramco as the world’s most valuable publicly traded company. (via Reuters).
Saudi Aramco’s market value was recently $ 1.76 trillion and Apple and the oil giant could trade positions as the world’s most valuable company during trading today.
During Apple’s third quarter, the company experienced tremendous 11% growth with revenue of $ 59.7 billion and profit of $ 11.25 billion. Contrary to the expectations of many analysts, the pandemic generated more sales than ever of its products, particularly iPad and Mac.
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