2018 was the year in which Apple became the first public company in history to reach a valuation of $1 trillion. Many articles and listicles have listed Apple as the world’s most profitable company at various points in its existence.
But is it? Based on the last year, the answer is no. Not even close. In 2018, Apple’s $59.53 billion in net income was dwarfed by the $111 billion made by state-run Saudi oil giant Saudi Aramco.