News Formal

Apple tops Saudi Aramco as most valuable publicly listed company

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors are betting that tech firm will emerge from the pandemic stronger than its rivals. FMTNews

SAN FRANCISCO: Apple Inc’s surged over 10% 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.

It was Apple’s largest one-day percentage gain since March 13, and it added US$172 billion in market capitalisation during the session, greater than the entire stock market value of Oracle Corp. After Apple bought back US$16 billion worth of shares in the June quarter, it had 4,275,634,000 outstanding shares, as of July 17, according to the filing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple briefly overtakes Saudi Aramco to become the world’s largest company | Malay MailNEW YORK, July 31 — Apple Inc shares surged as much as 7.1 per cent to a record high today 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 US$412...
Source: malaymail - 🏆 1. / 86 Read more »