Alphabet comes before Apple as world’s most valuable company
ASSOCIATED PRESS
A man walked past a building on the Google campus in Mountain View, Calif. on Nov. 12. Alphabet Inc., Google’s holding company, reported financial results Monday.
SAN FRANCISCO » Alphabet now comes before Apple atop the list of the world’s most valuable companies.
Shares of Google’s parent company are pulling ahead of Apple in early trading today.
Alphabet Inc. first took the top spot during Monday’s extended session following strong fourth-quarter earnings. Apple Inc.’s iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago.
In the first regular hours of trading, Alphabet shares rose about 4 percent to push the company’s market capitalization to about $539 billion. Apple, with investors uneasy about iPhone sales, lost about 1 percent, dropping its market capitalization to a mere $530 billion.
2 responses to “Alphabet comes before Apple as world’s most valuable company”
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“dropping its market capitalization to a mere $530 billion”… Oh, poor baby. LOL
Most valuable *publicly traded* company.
The state oil firms massively out value anything publicly traded.