Apple is now the world’s most valuable publicly traded company
Apple is now the world’s most valuable publicly traded company, passing Saudi Arabia’s state-owned oil company Saudi Aramco. As of close of business Friday, Apple has a market valuation of $1.84 trillion, while Saudi Aramco’s is $1.76 trillion, according to CNBC. Apple also announced a four-for-one stock split as part of its third quarter earnings, which will lower the price of an individual stock. Amazon, Facebook, and Google all announced earnings yesterday as well, and for the most part, they had pretty good quarters. Facebook saw a daily user increase of 12 percent year over year to 1.79 billion.