Apple has become the world's most valuable public company.<br />Friday 7th of August, Apple shares <br />jumped by over 10%.<br />3 days later, they rose <br />another 2.5%, leaving Apple <br />with a $1.86 trillion valuation.<br />That valuation topped oil giant Saudi Aramco, which had been the most valuable public company since 2019.<br />Before oil prices crashed due to COVID-19, Saudi Aramco was worth more than $2 trillion. <br />They are now worth $1.76 trillion.<br />"Despite COVID-19 headwinds, Apple grew revenue in every segment and geography, beating consensus revenue by 14 percent as ecosystem engagement rises." Via Morgan Stanley.<br />Apple has proven its ability to adapt <br />and sustain itself by embracing the <br />new work-from-home culture.<br />"We’re conscious of the fact that these results stand in stark relief during a time of real economic adversity for businesses large and small, and certainly for families." Apple CEO Time Cook, via NBC
