Apple has lost its position as the most valuable company in the world, and the most interesting thing is that it is against another non-tech company. We tell you everything
Apple has lost its position as the most valuable company in the market, although it is not alarming, since it has not depended on it directly on external factors.
And it is that the lack of stock of components has hurt technology companies, who see how they cannot get as many units as they want from their products and in some cases even delay their sale.
That is why yesterday Apple shares fell 5%, standing at $146.50, suffering a total drop of 20% since the beginning of it.
With this, the capital value of the company with the bitten apple stands at 2.37 trillion dollars today. It is not a worrying number at all, but it has validated him to lose the first position.
And it is that the oil giant Aramco, from Saudi Arabia, has managed to snatch this position from Apple, thanks to the fact that its shares have risen 27% throughout this year, placing its value at 2.43 trillion dollars.
Now that work, commercial and daily activity seems to have been established again, with the consequent almost total elimination of restrictions in most countries, the consumption of fuel has once again increased the market value of Aramco.
This, adding the component stock problems mentioned above, has caused the Californian company to lose, and we think temporarily, this first position in the market.
Remarkably, a consumer electronics company such as Apple is “sticking” with companies with such extensive control over human needs such as gasoline, diesel, or gas, which adds much merit in favor of the American company.
In any case, Apple has nothing to worry about, since, as we recently announced, it has achieved the best earnings record in March in its history, taking into account the lack of stocks and the drop in sales of the iPad in the last anus.