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Apple, the maker of iPhones, has toppled the world's biggest company in value, despite the coronavirus pandemic. Friday, Apple's stock closed at an all-time high of $425 and change with a market cap of $1.8 trillion, as tracked by the Dow Jones Market Data Group. For the year, shares have advanced 44.7 percent to a fresh record. Conversely, Aramco’s stock is down 6.4 percent since the end of December. Aramco, Saudi Arabia's majority state-owned oil conglomerate's market value sits at $1.7 trillion. The price of oil has been hammered in the global pandemic as airlines and cruise lines came to virtual standstills amid the height of the coronavirus and with many consumers continuing to work from home and limiting automobile travel. Go to the link in our bio for more on this story.
Sunday, August 2, 2020
Apple now the world's biggest company
at 3:31 PM