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Apple is currently the most successful publicly traded firm in the world
Apple is currently the most profitable publicly trading company in the world, going by Saudi Arabia's state-owned energy firm, Saudi Aramco. Because of the end of business Friday, Apple has a market value of $1.84 trillion, while Saudi Aramco has a market price of $1.76 trillion, according to CNBC. Apple 's shares, which has been on a relatively steady climb since the end of March, closed more than 10 percent on Friday after the company's record-breaking third quarter earnings on Thursday, closing the day at $425.04.
Apple's overall sales for Q3 amounted to $59.7 billion , up 11 percent from last year.
Solid Mac and iPad sales were a success, and the organization undoubtedly saw growing demand for tablets as people were sheltering in place due to the COVID-19 pandemic. Apple has now announced a four-for-one share split as part of its third quarter earnings, which would lower the price of an individual stock.
Amazon, Facebook , and Google all reported their results yesterday, and each of them had pretty decent quarters. Amazon 's income doubled — during a pandemic. Facebook saw a average usage rise from 12 percent year on year to 1.79 billion. And collectively, the four firms made a profit of $28.6 billion.
