Apple (AAPL) has lapped Saudi Aramco to become the most valuable public company on Earth — and don't expect the rankings to flip again any time soon, EDNews.net reports citing CNN.

What's happening: Apple shares jumped more than 10% on Friday after the company reported earnings, reaching an all-time high.

The stock rose another 2.5% on Monday to $435.75, giving Apple a valuation of $1.86 trillion. Saudi Aramco, which had been top of the pile since going public late last year, is worth $1.76 trillion. Before oil prices crashed, it was worth more than $2 trillion.