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Apple no longer most profitable company


Eldorado

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"Saudi Aramco is by far the most profitable company in the world, according to financial data disclosed by the state-run oil giant in Saudi Arabia.

The company made a whopping $111 billion in 2018, the data shows. By comparison, Apple made $59.53 billion in fiscal 2018.

Saudi Aramco also made more money than J.P. Morgan Chase, Google-parent Alphabet, Facebook and Exxon Mobil combined. Put together, those companies made nearly $106 billion in 2018, according to FactSet."

Full monty at the CNBC: https://www.cnbc.com/2019/04/01/saudi-aramco-made-111-billion-in-2018-topping-apple-as-the-worlds-most-profitable-company-by-far.html

"Saudi Aramco tops Apple in revenue ahead of $10B-plus bond sale,"

At Fox Business News: https://www.foxbusiness.com/markets/saudi-aramco-tops-apple-in-revenue-ahead-of-10-plus-bond-sale

Saudi Aramco at Wiki: https://en.wikipedia.org/wiki/Saudi_Aramco

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It's a government owned company.  It does give perspective on why our presidents all bow down before them.  I'm also guessing they are the "mystery" company in Mueller's grand jury case.

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20 hours ago, Gromdor said:

It's a government owned company.  It does give perspective on why our presidents all bow down before them.  I'm also guessing they are the "mystery" company in Mueller's grand jury case.

you could be on to something. after all, they did illegally tap into Jeff Bezos's phone and spill the beans of Trumps biggest adversary.  

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wow, comparing consumer products company to a one of the largest gas\oil exporter, makes tons of sense, NOT

Edited by aztek
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Who could say what it's worth, whole company? Some wildest claims were like thousands of trillions, all put together but more credible sources estimate in under 10 trillion $. 

Corporate world.

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  • 2 weeks later...

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