Apple tops Saudi Aramco as the most valuable public company

• Apple surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company

• Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion

• Saudi Aramco, which has been the most valuable publicly listed company since going public last year, had a market capitalization of $1.760 trillion as of its last close

• After Apple bought back $16 billion worth of shares in the June quarter, it had 4,275,634,000 outstanding shares, as of July 17

• With Friday’s stock gain, Apple’s has surged about 40% year to date

Source: VentureBeat

Aman Gupta

Product Analyst @ Sprinklr, IIT Kanpur alumnus