Apple is no longer the most valuable company in the world

The title of the world’s most valuable company no longer belongs to Apple, and the crown is not passed on to previous record holders Microsoft, Google or Amazon. Saudi Aramco, the world’s largest crude exporter, took the crown from the tech giant. Last year, it was named the fourth most valuable company, with the Kingdom of Saudi Arabia owning 94% of the shares (and curiously, Saudi Arabia also owns the majority of SNK).

According to a report in Financial Timeseven though Apple was the first company to hit a $3 trillion market cap in January, it lost ground.