(Reuters) – Apple Inc (O:) shares surged as much as 7.1% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s largest public company.
Shares of the company rose to a record high of $412 (313.6 pounds) in early trading. Closing at that level will give it a market capitalization of $1.786 trillion.
Saudi Aramco (SE:), which has been the largest public company since going public last year, had a market capitalization of $1.76 trillion as of last close.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.