Companies netted $28.6 billion in earnings. As my colleague, Liz Lopatto Apple is the Planet’s most valuable Percent from this past year.
Strong Mac and earnings were a highlight, while individuals were sheltering in place due to the COVID-19 pandemic along with the company saw an increased need for the devices.
Apple also announced a four-for-one stock split as part of its third-quarter earnings, which will lower the cost of an individual stock.
Place it during the pandemic, the technology companies are raking it in.
Amazon, Facebook, and Google all declared earnings yesterday too, and for the most part, they had pretty good quarters.
Amazon doubled 12 percent year over year to 1.79 billion. And combined, the four Company.
As of the close of business Friday, Apple has a market valuation of $1.84 trillion, while Saudi Aramco’s is $1.76 trillion.
Apple’s stock, which has been on a largely-steady rise because the end of March, closed up more than 10% on Friday following the company’s record-breaking third-quarter earnings on Thursday, finishing the day at $425.04.