An Arab company that excels and becomes the most valuable in the world , Apple is no longer the most valuable company in the world

By 🏮🪔𖤓⌘ -
Apple is no longer the most valuable company in the world ، As it became the most valuable Arab oil company .
Apple is no longer the most valuable company in the world.. an Arab company outperforms it

Apple is no longer the most valuable company in the world.. an Arab company outperforms it

A 5% drop in Apple's stock value last Wednesday halted the company, led by Tim Cook, from being the world's most valuable company. As reported by CNBC, Apple shares have fallen as much as 20% since it hit the $182.94 cap in January of this year.


The oil giant Aramco, based in Saudi Arabia, has become the most valuable company in the world today, with a value of $2.43 trillion.



 While Apple is down about 20% from January 4 so far, Aramco's share price has gone up by as much as 27% throughout the whole of 2022 due to the higher price of oil, above all. As a result, the profits of the Saudi Oil Company doubled compared to last year.

In this way, Aramco regained the first place in the ranking of the most valuable companies in the world that it lost in 2020, when Apple managed to overtake it.
 Today, Apple is valued at $2.37 billion, while Aramco is already at $2.43 billion. Other tech giants don't match these two companies' numbers, with Microsoft valued at $1.91 billion, Google's parent company Alphabet at $1.49 billion, and Amazon at $1.04 billion.

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