Apple tops Saudi Aramco as most valuable publicly listed company
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
February 08, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, FEBRUARY 08, 2023
Apple tops Saudi Aramco as most valuable publicly listed company

Global Economy

Reuters
01 August, 2020, 11:55 am
Last modified: 01 August, 2020, 11:58 am

Related News

  • Google, Apple, Amazon give investors reason to fret
  • Australia takes aim at Apple, Microsoft over child protection online
  • Twitter to relaunch Twitter Blue at higher price for Apple users
  • Apple supplier Foxconn's founder pushed China to ease Covid curbs
  • Apple beefs up iCloud data defense against snooping

Apple tops Saudi Aramco as most valuable publicly listed company

With Friday’s stock gain, Apple’s has surged about 45% year to date, with investors betting that it and other major US technology companies will emerge from the coronavirus pandemic stronger than smaller rivals

Reuters
01 August, 2020, 11:55 am
Last modified: 01 August, 2020, 11:58 am
An Apple store employee informs people that the store is closed, after further cases of coronavirus were confirmed in New York, in Manhasset, New York, US, March 16, 2020/ Reuters
An Apple store employee informs people that the store is closed, after further cases of coronavirus were confirmed in New York, in Manhasset, New York, US, March 16, 2020/ Reuters

Apple Inc's 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 ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the share count provided by Apple in a regulatory filing on Friday.

It was Apple's largest one-day percentage gain since March 13, and it added $172 billion in market capitalization during the session, greater than the entire stock market value of Oracle Corp.

Saudi Aramco, which had 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, according to Refinitiv data.

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, according to the filing.

With Friday's stock gain, Apple's has surged about 45% year to date, with investors betting that it and other major US technology companies will emerge from the coronavirus pandemic stronger than smaller rivals.

In its quarterly report, Apple announced a four-for-one stock split, with trading on a split-adjusted basis starting on August 31. It will be Apple's first share split since 2014.

Over 20 analysts raised their price targets for Apple's stock following the company's report, according to Refinitiv. However, the new median analyst price target of $409.63 is more than $15 short of Friday's closing price.

Top News / World+Biz

Saudi Aramco / Aramco shares / Aramco / Apple Inc. / Apple Inc

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: TBS
    RMG turns to India from China to get cheaper man-made yarn
  • Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/Files
    Bangladesh seeks new terms for Adani coal electricity deal: Washington Post report
  • GPH Ispat incur losses due to energy and dollar crisis
    GPH Ispat incur losses due to energy and dollar crisis

MOST VIEWED

  • People visit the Volkswagen booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Photo: Reuters
    Volkswagen posts 22.5 bn euros operating profit for 2022
  • RBI Governor Shaktikanta Das. Photo: Collected
    India cenbank hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24
  • Sri Lanka's President Ranil Wickremesinghe arrives with commanders of three forces to attend the country's 75th Independence Day celebrations in Colombo, Sri Lanka February 4, 2023. REUTERS/Dinuka Liyanawatte
    Sri Lanka seen returning to growth by year-end, president says
  • Sacks of refined sugar at a store in New Delhi, India.Photographer: T. Narayan/Bloomberg
    The world is about to have more sugar than it needs. So why have prices surged?
  • A policeman walks past the Supreme Court building in Islamabad, Pakistan October 31, 2018. REUTERS/Faisal Mahmood/File Photo
    Pakistan supreme court orders taxpayers to deposit 50pc super tax in seven days
  • A wooden case holding US dollars bills on display at the Sara-e Shahzada exchange market in Kabul in October 2022.Source: Bloomberg
    Dollars smuggled from Pakistan provide lifeline for the Taliban

Related News

  • Google, Apple, Amazon give investors reason to fret
  • Australia takes aim at Apple, Microsoft over child protection online
  • Twitter to relaunch Twitter Blue at higher price for Apple users
  • Apple supplier Foxconn's founder pushed China to ease Covid curbs
  • Apple beefs up iCloud data defense against snooping

Features

Illustration: TBS

Planning to study abroad? Explore these four underrated scholarships

3h | Pursuit
Representational image. Photo: Collected.

The understated perks of journaling

2h | Pursuit
Photo: Reuters

A tragedy that will also shake up the region's geopolitics

16h | Panorama
Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

1d | Habitat

More Videos from TBS

30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

19h | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

1d | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

1d | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

1d | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

3
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

4
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

5
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

6
ICB to withdraw Padma Bank investment as return eludes
Banking

ICB to withdraw Padma Bank investment as return eludes

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]