Apple is now the world’s most valuable publicly traded company

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Apple is now the world's most well-liked publicly traded company, transmigratory Saudi Arabia's state-owned oil visitor Saudi Aramco. As of moisture of commerce Friday, Municipal has a bazaar valuation of $1.84 trillion, while Saudi Aramco's is $1.76 trillion, according to CNBC. Apple's stock, which has been on a largely-steady ascend spine the end of March, clumped up increasingly than 10 percent on Friday supervenient the company's record-breaking third-quarter emolument on Thursday, catastrophe the day at $425.04.

Apple's total revenue for Q3 hit $59.7 billion, up 11 percent from aftermost year. Strong Mac as well as iPad sales were a highlight, as well as the visitor likely saw more demand for the devices while persons kumtux been sheltering in place due to the COVID-19 pandemic. Municipal additionally spoken a four-for-one stock split as part of its third quarter earnings, which will lower the price of an individual stock.

Amazon, Facebook, as well as Google all spoken emolument yesterday as well, as well as for the most part, they had well-flavored good-tasting quarters. Amazon doubled its stache -- during a pandemic. Facebook saw a day-to-day user influence of 12 percent year over year to 1.79 billion. As well as combined, the four companies netted $28.6 billion in profits. As my stewardess Liz Lopatto put it, during the pandemic, the tech companies are raking it in.