Google’s founding company Alphabet has overtaken Apple to hold the highest stock value in international market.
Alphabet’s last quarter (ending December) saw profits increase to $ 490 Crores. Immediately following this announcement, the company’s share values shot up by 9%. The international market value rose to $ 56800 Crores. Apple market value stands at $ 56800 Crores.
The CFO (Chief Financial Officer) of Alphabet informed that the advertisement revenue of Google continued increasing.
Earlier, the international market value of Apple had reached up to $ 76000 Crores. During the year 2010, Google’s international market value had crossed Apple’s. At that time, both the companies were worth $ 20000 Crores. Steve Jobs was alive at that period. That was the period when Apple was set to release iPad.
However, presently, two-thirds of Apple’s revenue is earned from iPhone. Experts view this as a potentially big problem.
Google was enlisted in the international market in 2004. Alphabet is the 12th company to enjoy the No. #1 position in the famous S&P (Standard & Poor’s) list relating to stocks & Bonds.
The other companies to enjoy No. #1 status earlier include General Electric, General Motors, IBM, Exxon, Mobil, and Microsoft.
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