Riding on strong quarter results despite the pandemic, Apple has surpassed Saudi Aramco to become the worlds most valuable company with a market cap of $1.84 trillion.

The strong earnings report helped Apple shares closed up 10.47 per cent on Friday to become the world’s most valuable publicly traded company, surpassing the largest oil producer, reports CNBC.

Despite the pandemic that hit its supply chain and forced the iPhone maker to close retail stores worldwide, Apple shares are up more than 44 per cent this year.

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