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    HomeNewsWorldApple briefly overtakes Saudi Aramco to become the world's largest company

    Apple briefly overtakes Saudi Aramco to become the world's largest company

    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.

    Reuters
    July 31, 2020 / 20:51 IST

    Apple Inc shares surged as much as 7.1 percent 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.

    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.

     

    Reuters
    first published: Jul 31, 2020 08:50 pm

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