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Beat Apple, Microsoft Becomes the Richest Company in the World

Beat Apple, Microsoft Becomes the Richest Company in the World

Meanwhile, the company’s net profit recorded an increase of up to 48 percent to reach 20.5 billion US dollars or around Rp. 291 trillion.

Supply stagnate

The previous record high was reached by Apple last year. At that time, Apple managed to beat Saudi Aramco as the richest public company in the world, with a market capitalization of 2 trillion US dollars or around Rp. 28,457 trillion.

According to Apple CEO, Tim Cook, Apple’s current financial condition is impacted by the component supply chain that is stuck.

“We (Apple) had a very strong revenue performance despite the supply chain constraints being bigger than we expected, around $6 billion,” Cook said.

As compiled by this media from CNBC, Monday (1/11/2021), Apple’s revenue was reported to have decreased to 6 billion US dollars (around Rp. 85.3 trillion).

However, Apple shares recorded an increase of almost 13 percent in trading last Friday (10/29/2021).

Sales of iPhone devices are also reported to be up 47 percent year-on-year