Apple Shares Reach New All-Time High, But Saudi Aramco to Overtake as World's Most Valuable Company

Apple's Mac event is happening now! Follow our Live Coverage.

Apple shares crossed the $269 mark in intraday trading today, setting a new all-time high for the company.

However, oil giant Saudi Aramco is set to overtake Apple as the world's most valuable company based on market cap after raising $25.6 billion in the world's biggest initial public offering ever, according to Reuters. The shares are expected to begin trading on the Saudi stock market on December 11.

aapl logo green
Saudi Aramco only offered a 1.5 percent stake in the company to public shareholders, so the $25.6 billion raised gives it an overall valuation of around $1.7 trillion, topping Apple's market cap of around $1.1 trillion.

Tag: AAPL

Top Rated Comments

SVTmaniac Avatar
24 months ago

Why woul you want to invest in oil when most the world’s car manufacturers are going electric. Seems short sighted to me.
There are far more uses for oil than just automobiles. And the percentage of electric vehicles to internal combustion is miniscule. Oil isn't going anywhere in our lifetime.
Score: 12 Votes (Like | Disagree)
KrisLord Avatar
24 months ago
Whilst the 1.7Bn valuation is interesting, I don’t think it’s realistic to value the company based on 1.5% equity.

If the remaining 98.5% was available, would they have been able to find investors to buy the stock? I doubt it.
Score: 12 Votes (Like | Disagree)
rick3000 Avatar
24 months ago
The Saudi Aramco valuation is a joke. They wanted a 2 trillion valuation and no US or European bank would give it to them (most say it's worth closer to 1 trillion), so they listed in their own country. They even changed the lending limits so that people in Saudi Arabia could borrow double the usual limit to to buy shares.
Score: 12 Votes (Like | Disagree)
maflynn Avatar
24 months ago
I'm more interested in what products Apple makes, then their place in some valuation. Seems more like a **** waving contest more then anything.
Score: 8 Votes (Like | Disagree)
Mosey Potter Avatar
24 months ago

Apple stock alone has made me a rich person!

If Tim is in it for the money, then so am I.
Word to the wise, Apple, like virtually every corporation out there, has been taking out low interest loans and epic tax cuts to buy back their own stock for over ten years now, thus artificially boosting share values. It’s great that you have made money from this corporate led, market wide Ponzi scheme (I too have benefited). You just don’t want to be stuck holding shares when the inevitable correction occurs. When that event will happen is anyone’s guess, but happen it will, and many will be caught unawares and will be in great pain financially.
Score: 7 Votes (Like | Disagree)
Falhófnir Avatar
24 months ago

Yes, and also adjusted values give 90s Microsoft the win anyway.
This sort of thing always just makes me think of this clip: ?
[SPOILER="Video"]
[/SPOILER]


Whilst the 1.7Bn valuation is interesting, I don’t think it’s realistic to value the company based on 1.5% equity.

If the remaining 98.5% was available, would they have been able to find investors to buy the stock? I doubt it.
Reminds me of that diamond planet (https://www.forbes.com/sites/petercohan/2012/10/12/diamond-planet-worth-26-9-nonillion/) being valued at '$30 Nonillion' - only it wouldn't be because dumping that much diamond into the market would just make it worthless!
Score: 6 Votes (Like | Disagree)

Related Stories

studio buds family

Beats Studio Buds Debuting Today With Active Noise Cancellation, Stemless Design, and More for $150

Monday June 14, 2021 8:00 am PDT by
We've seen a lot of teasers about the Beats Studio Buds over the past month since they first showed up in Apple's beta software updates, and today they're finally official. The Beats Studio Buds are available to order today in red, white, and black ahead of a June 24 ship date, and they're priced at $149.99. The Studio Buds are the first Beats-branded earbuds to truly compete with AirPods...
YouTube Picture in Picture Feature

YouTube Premium Subscribers Can Now Use iOS Picture-in-Picture: Here's How

Wednesday August 25, 2021 3:55 am PDT by
Google has rolled out picture-in-picture support as an "experimental" feature for YouTube premium subscribers, allowing them to watch video in a small window when the app is closed. If you're a premium YouTube subscriber looking to try out picture-in-picture, follow these steps: Launch a web browser and sign into your YouTube account at YouTube.com. Navigate to www.youtube.com/new. Scroll...
M1X MBP Feature

Leaker: Upcoming MacBook Pro to See Price Hike Over Current Model, Equal Performance Across 14 and 16-Inch Sizes

Tuesday August 24, 2021 5:28 am PDT by
The upcoming 14-inch MacBook Pro is set to be more expensive than the current 13-inch MacBook Pro and both the 14 and 16-inch models will offer the same performance, according to the leaker known as "Dylandkt." The leaker shared the information on Twitter, explaining that both of the upcoming MacBook Pro models, expected to come in 14 and 16-inch sizes, will feature the same performance due...
youtube apple tv

YouTube Discontinuing 3rd-Generation Apple TV App, AirPlay Still Available

Wednesday February 3, 2021 3:09 pm PST by
YouTube is planning to stop supporting its YouTube app on the third-generation Apple TV models, where YouTube has long been available as a channel option. A 9to5Mac reader received a message about the upcoming app discontinuation, which is set to take place in March.Starting early March, the YouTube app will no longer be available on Apple TV (3rd generation). You can still watch YouTube on...
ryanscoolios13thumbnail

Apple Releases iOS 13.1.3 With Bug Fixes for Phone, Mail, Health, and More

Tuesday October 15, 2019 10:09 am PDT by
Apple today released iOS 13.1.3 and iPadOS 13.1.3, minor updates to the iOS 13.1.2 software that was released two weeks ago. This is the fourth update to the iOS 13 operating system that came out in September. The iOS and iPadOS 13.1.3 updates are available on all eligible devices over-the-air in the Settings app. To access the updates, go to Settings > General > Software Update....
Top Stories 75 Thumbnail

Top Stories: Last-Minute iPhone 13 Rumors, Apple Announces App Store Changes, and More

Saturday September 4, 2021 6:00 am PDT by
The finish line is in sight! Apple's annual iPhone event is likely just a week or so away and all eyes will be on the company as it unveils the next version of its most popular product line. With any luck, we'll also see the next-generation Apple Watch and perhaps even some new AirPods. Other news this week saw Apple making some more changes to its App Store policies in response to a...
affinity designer contour tool

Serif Updates Affinity Photo, Designer, and Publisher With New Tools and Functions

Thursday February 4, 2021 1:58 am PST by
Serif today announced across-the-board updates for its popular suite of Affinity creative apps, including Affinity Photo, Affinity Designer, and the Apple award-winning Affinity Publisher for Mac, all of which were among the first professional creative suites to be optimized for Apple's new M1 chip. "After another year which saw record numbers of people switching to Affinity, it's exciting to...
iPhone 13 Dummy Thumbnail 2

Kuo: iPhone 13 to Feature LEO Satellite Communications to Make Calls and Texts Without Cellular Coverage

Sunday August 29, 2021 7:39 am PDT by
The iPhone 13 will feature low earth orbit (LEO) satellite communication connectivity to allow users to make calls and send messages in areas without 4G or 5G coverage, according to the reliable analyst Ming-Chi Kuo. In a note to investors, seen by MacRumors, Kuo explained that the iPhone 13 lineup will feature hardware that is able to connect to LEO satellites. If enabled with the relevant...
maxresdefault

Craig Federighi and Greg Joswiak Discuss iPadOS 15, macOS Monterey, Privacy, Shortcuts on Mac, and More

Saturday June 12, 2021 6:12 am PDT by
As is tradition, Apple executives Craig Federighi and Greg Joswiak joined Daring Fireball's John Gruber in an episode of The Talk Show to discuss several announcements that Apple made over this weeks WWDC, including iPadOS 15, macOS Monterey, and a large focus around privacy. Federighi kicks off the conversation discussing the common architecture, now thanks to Apple silicon, across all of...
iOS 14 on iPhone feature emergency

Apple Seeds Third Betas of iOS and iPadOS 14.6 to Developers [Update: Public Beta Available]

Monday May 10, 2021 10:13 am PDT by
Apple today seeded the third betas of new iOS and iPadOS 14.6 updates to developers for testing purposes, one week after seeding the second iOS and iPadOS 14.6 updates. iOS and iPadOS 14.6 can be downloaded through the Apple Developer Center or over the air after the proper profile has been installed on an iPhone or iPad. iOS and iPadOS 14.6 appear to be more minor changes focusing on...