Apple Fell Behind For The First Time

May 12, Kathmandu- Saudi Arabia's Aramco, the world's largest oil company, has become the world's largest market value company.

Aramco has overtaken American tech company Apple to become a high-priced company. Rising oil prices and demand are the main reasons for Aramco's rise. Aramco's trading was at a high level on Wednesday. The company had a trading volume of $2.3 trillion on Wednesday.

At the same time, the market value of the company has reached $2.464 trillion, while that of Apple has reached $2.461 trillion. This is the first time since the year 2020 that Apple has lagged behind. On Wednesday, the iPhone fell 5.2 percent to close at $146.5 per share.