Apple has lost its position as the most expensive company in the world after the massive sale of technology shares and the rise in oil prices.


Shares of Apple fell about 5% to $ 146.50 on Wednesday, down almost 20% since the beginning of the year. Apple’s market capitalization fell to $ 2.37 trillion.

Saudi oil giant Aramco regains first place from Apple, giving way to it iPhone: manufacturer in 2020. Aramco shares have risen more than 27% this year, and profits have doubled last year due to rising oil prices. The market value of Aramco securities is now just under $ 2.43 trillion.

Investors are selling shares of technology companies և cryptocurrencies for less risky assets, following a move by central banks to raise interest rates in a bid to offset the impact of rising prices.

The downfall of Apple’s second most expensive company comes two weeks later reports Revenue for the second quarter was $ 97.3 billion, a new all-time high for March. Apple has seen growth in its iPhone, Mac, Wearables և Services product categories, however iPad: Revenues decreased by about 2% compared to the previous quarter.

Popular stories

Apple’s machine learning director has resigned due to a return to office work

Apple’s machine learning director Ian Goodfello has resigned just four years after joining the company after being one of Google’s top AI staffers, according to The Verge. Zoe Schiffer. Goodfellow reportedly reported the news to staff via email, saying that his resignation was partly due to Apple’s plan to return to personal work, which requires …

Apple releases new 4E71 firmware for AirPods, AirPods Max և AirPods Pro

Apple today released a new 4E71 firmware update for the AirPods 2, AirPods Max և AirPods Pro, up from the 4C165 firmware released in December. Apple has also released a new 4E71 firmware for the AirPods 3, the 4C170 firmware released in January. Apple does not provide updates to AirPods firmware updates, so we do not …

Former Apple Design Director Johnny Ive shares his 12 favorite gadgets

Former Apple Design Manager Johnny Ive, who is still working with Apple on products, has introduced his 12 must-have design tools to make, mark, measure and take with him every day. The list appears in a special issue (paywalled) of the Financial Times magazine “How to spend”, the guest editor of which is Ive, the designer uses the opportunity to focus on his obsession …

Apple CarPlay solution for Tesla cars is now available for download

Apple CarPlay is now available for Tesla cars, but only for owners who want to turn to a solution that uses the Raspberry Pi enabled. In the face of Tesla’s apparent indifference to CarPlay’s repeated calls to bring its own cars, Polish developer Michal Gapinski demonstrated his success by bringing Apple’s car system to its Tesla Model 3 earlier this year. As Tesla North noted, …

Apple has stopped production of the iPod Touch

Apple announced today that it is officially discontinuing the iPod touch, an obsolete accessory that has been replaced by other devices such as the iPhone և iPad. Apple says it is eliminating the iPod touch because its features are available in Apple products. iPod touch is the last device left in the iPod series, it has not been updated since May …

Apple launches limited time bonus trade credit for iPhone, iPad, Mac և Apple Watch in many countries

Apple has launched a special limited-time retailer for the iPhone, Apple Watch, Mac and iPad, offering customers additional credit when trading with their only device. The offer is implemented in a number of countries, including the United States, Great Britain, Germany, Spain, Italy, South Korea, Japan, Taiwan, China, India and France. In the UK, Apple offers an additional trade credit of up to 50 pounds …

It is rumored that the iPhone 14 Pro models will have a slightly larger screen size

Apple’s upcoming iPhone 14 Pro և iPhone 14 Pro Max models will have a slightly larger screen compared to the iPhone 13 Pro և iPhone 13 Pro Max, according to information released by display consultant Ross Young. When measured as a standard rectangular horsepower, Young said the iPhone 14 Pro will have a 6.12-inch screen compared to the iPhone 13 Pro’s 6.06-inch screen.

Kuo: iPhone 15 will switch from Lightning to USB-C in 2023

Apple will abandon its own Lightning port – switch to all or possibly some models of USB-C iPhone 15, which may be released in the second half of 2023, said today Apple analyst Ming-Chi Kuo. Apple has retained the Lightning port on the iPhone since the iPhone 5, although most of the industry has moved to USB-C. Today, Kuo said in his tweets that the latest research on the supply chain …