Apple CEO Tim Cook greeted those present during a special event on September 10, 2019 at the Steve Jobs Theater on Apple’s campus in Cupertino, California.
Justin Sullivan Getty images
Apple accounted for the company’s strong revenue to become the world’s most valuable publicly traded company, ahead of state-owned oil giant Saudi Aramco on Friday.
Shares of Apple closed 1
Apple’s strong third-quarter fiscal gains, released on Thursday, boosted as investors gathered behind the company’s 11 percent annual growth. Apple also announced a 4-for-1 split.
The company recovered from the low point of the pandemic in March. The shares are over 44% this year.
“Despite the headwinds of COVID-19, Apple has increased revenue in every segment and geography, beating consensus revenue by 14% as commitment to the ecosystem increases,” Morgan Stanley analysts wrote in a research note on Friday.