Quote from Ndubuisi Ekekwe on March 22, 2021, 9:47 PM

Apple is minting money in America and in the process knocking down everyone on its path, including Aramco, the Saudi Arabia's oil corporation. Apple made $57.4 billion in profits in 2020 while Aramco made $49 billion.

Aramco, formerly the world’s most profitable company, has lost its crown to Apple. While the Saudi oil giant recorded a $49 billion profit for its 2020 fiscal year, the tech giant reported $57.4 billion. And although oil prices may be rebounding after a year marked by lockdowns and stay-at-home orders — which negatively impacted the market — Apple “hardly registered a blip in its steady, high margins," with homebound consumers buying up iPhones, iPads, and Macs, says Quartz.