Apple Becomes World’s Most Valuable Public Company
APPLE IS THE WORLD'S MOST VALUABLE PUBLIC COMPANY AT $1.86 TRILLION
(CNN) – Apple is the world’s most valuable public company.
Its stock rose more than 10% on Friday after the company announced blockbuster earnings.
Despite the COVID-19 pandemic, the company posted revenue of nearly $60-billion in the three month period ending in June.
That’s an 11% increase from the same period last year.
Shares jumped another 2.5% on Monday, giving Apple a value of $1.86-trillion.
Saudi Aramco had been the most valuable public company since going public late last year; it’s worth $1.76 trillion.