Apple Inc., the American multinational technology company with its headquarter in Cupertino, California, is now reported as the most valuable company in the world.
The company designs, develops and sells consumer electronics, computer software, and online services.
The company’s shares jumped more than 10% last after the company reported earnings, reaching an all-time high.
The stock rose another 2.5% on Monday, giving Apple a valuation of $1.86 trillion.
Oil company Saudi Aramco, which had been top of the pile since going public late last year, is worth $1.76 trillion.
The company was valued at more than $2 trillion before the downward spiral of oil prices.
Nigel Bell, Readers Bureau, Contributor
Edited by Jesus Chan
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