Giant Aramco has overtaken Apple as the world’s most valuable company
Apple depósito fell 5% last Wednesday on the Tim Cook-led company Stop being the most valuable company in the world. Like note off CNBCApple shares have fallen as much as 20% since peaking at $182.94 in January this year.
He is The oil giant Aramco is based in Saudi Arabiaafter becoming the stream most valuable companies in the world with a valuation of $2.43 trillion.
The rise in oil prices makes Apple the second most valuable company in the world
While Apple is down nearly 20% so far since Jan. 4, Aramco depósito price it rose by up to 27% in 2022, mainly due to the rise in oil prices. The profit of the Saudi oil company has doubled compared to the previous year.
That’s how Aramco won them back first page of the top of the most valuable companies in the world, it lost in 2020 when a Apple managed to overcome it.
Here’s how Apple compares to Aramco in market valuation to date in 2022 Source: Google plus
As of today, Apple has value $2.37 trillionalthough Aramco is already arriving $2.43 trillion. Other tech industry giants don’t match the numbers of these two companies, with Microsoft valued at $1.91 trillion, Alphabet – parent company of Google plus – at $1.49 trillion and Amazon at $1.04 billion.