Saudi Aramco loses title of world's most profitable company to Apple

World's largest oil exporter Saudi Aramco has lost the title of the world's most profitable company to Apple after reporting its 2020 results, showing a 44% collapse in profits to $49 billion. This makes Apple the world's most profitable company as it reported $59 billion in income for 2020. In the October-December quarter alone, Apple made a $22.8-billion profit.