Apple is now the most expensive publicly traded company in the world
Apple is now the world’s most expensive public trading company, surpassing Saudi Arabia’s state-owned Aramco. Apple’s market value is $ 1.84 trillion and Saudi Aramko’s $ 1.76 trillion after the close of business on Friday. according to CNBC. Shares of Apple, which were mostly stable in late March, closed more than 10 percent on Friday, following the company’s third-quarter earnings on Thursday, ending the day at $ 425.04.
Apple’s total revenue in Q3 amounted to 59.7 billion dollars, an increase of 11% over the previous year. Sales of the Mac’s iPad were strong, the company probably noticed a high demand for the devices, while people found shelter on the spot due to the COVID-19 epidemic. Apple also announced a four-to-one stock split as part of its third-quarter earnings, which will be lower the price individual stock.
Yesterday Amazon, Facebook և Google announced earnings, և mostly they had pretty good quarters. Amazon doubled its profits during the epidemic. Facebook has seen daily user growth of 12 percent year-over-year to 1.79 billion. And combined, the four companies made a net profit of $ 28.6 billion. As my colleague Liz Lopato said, tech companies are invading it during the epidemic.
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