Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World | Trending Post | Kenya's Online Newspaper

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Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World

Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World

Summary post: Alphabet has now passed Apple as the most valuable company in the world. The most recent numbers mention Alphabet’s market capitalization as $570 billion, which beats Apple’s $535 billion valuation. Google’s latest rise began in July 2015 when it observed a 44 percent rise in shares through the end of 2015, while Apple saw a decline of 16 percent.
Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World
Tech giant Google’s parent Alphabet Inc. is now more valuable than Apple Inc. According to the latest market capitalization numbers, Alphabet has now a market just shy of $565 billion, that’s more than Apple’s $539 billion numbers. Even though the company has struggled in the new year to maintain the growth of its shares, it has still outpaced Apple. This decline in Apple’s supremacy could be attributed to the concerns about the slowing sales of its flagship product iPhone 6s.

Alphabet has smashed the expectations of analysts, collecting $21.3 billion revenue and earning of $8.67 per share. The company was expected to bring along $20.8 billion in revenue at $8.67 per share.
“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years,” CFO Ruth Porat said in a statement with the earnings report.

Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World

Source: Fossbytes.com

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Trending Post | Kenya's Online Newspaper: Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World
Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World
Google Parent Alphabet Beats Apple To Become The Most Valuable Company In The World
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