Apple loses a major title

Apple (AAPL) – Get the Apple Inc. just lost a coveted title.

The iPhone maker snagged that crown in 2020 on a financial performance that made investors giddy with strong sales of its hardware – iPhone, Mac, Apple Watch – and a surge in services.

These revenues have steadily increased thanks to the Covid-19 pandemic which has seen the world stay connected through technological tools. The Cupertino, Calif.-based company had also managed to reassure investors worried about disruptions to supply chains caused by lockdown measures and chip shortages.

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