Alphabet Takes TopSpot
Alphabet Takes TopSpot: Alphabet- Google’s parent company- has surpassed everyone even Apple as the world’s most valuable company after its latest earnings report. The company made a profit of $4.9bn (£3.4bn) for the fourth quarter, an increase from $4.7bn a year ago. That means that Alphabet is now worth around a staggering $568bn, compared with Apple, which has a value of $535bn. It is the first time that Alphabet has separated out the results of its Google business – which includes the search engine and YouTube – from its “Other Bets” business, which includes more experimental ventures such as self-driving cars and internet balloon programs.
“Two or three years ago mobile was a big head wind for Google. There were concerns that it [had] a negative impact on its desktop business, but as mobile takes over for more searches, mobile ads are becoming closer in value to the desktop ads.” Alphabet’s claiming of the most valuable company title has been seen by some as a passing of the technology baton. Apple became the United States’ most valuable company in 2010, when it dislodged Microsoft. Microsoft in turn overtook IBM two decades earlier.