Apple’s stock value reaches $ 1.77 trillion and beats Saudi Aramco for the first time

Apple's stock value reaches $ 1.77 trillion and beats Saudi Aramco for the first time
Image from Pixabay

The market capitalization of the US corporation Apple reached $ 1.77 trillion, surpassing the market value of the Saudi oil giant Saudi Aramco.

According to data from the stock market at 15:08 GMT, Apple shares were growing 6.51%, standing at $ 409.81, and the company’s stock value was estimated at about $ 1.77 trillion.

Saudi Aramco’s market capitalization was $1.76 trillion.

When Saudi Aramco debuted on the stock exchange in December 2019, its value was estimated at nearly $2 trillion, while Apple’s market capitalization was $1.2 trillion.
Last March, the difference between the securities of the two companies was more than $500 billion.

Last March, the difference between the securities of the two companies was more than $500 billion.

At the end of March, the Californian company’s market capitalization was estimated at about $978 billion, but since then Apple began to dramatically increase in value.

Saudi Aramco, on the other hand, lost 5% in value since last December.

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Manish Saini
Manish works as a Journalist and writer at Revyuh.com. He has studied Political Science and graduated from Delhi University. He is a Political engineer, fascinated by politics, and traditional businesses. He is also attached to many NGO's in the country and helping poor children to get the basic education. Email: Manish (at) revyuh (dot) com