Bloomberg reports that the market capitalization of the Saudi Arabian oil company was $2.43 trillion, and Apple – $2.41 trillion.

The market capitalization of the Saudi Arabian oil company Saudi Aramco exceeded that of the American corporation Apple, which makes Saudi Aramco the most expensive company on the planet. This was reported by Bloomberg on Wednesday.

According to him, the market capitalization of the national oil company was $ 2.43 trillion, and Apple – $2.41 trillion. At the beginning of the year, Apple became the first company in history whose capitalization exceeded $ 3 trillion, but since then this figure has decreased significantly.

According to Bloomberg, the weakness of technology stocks (including Apple) in 2022 arose amid concerns about inflation and a more aggressive policy of the U.S. Federal Reserve System (FRS). Supply chain constraints also played an important role, the agency emphasizes.