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Alphabet passes Apple as world's most valuable public company

Google parent company Alphabet posts wild success in latest earnings report, beats out Apple
By: Sean Ridgeley | Business, Financial & Legal News | Posted: Feb 3, 2016 1:33 am

Google's parent company Alphabet is now the world's most valuable publicly traded company, according to earnings reports released today.

 

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Revenue stands tall at $21.3 billion and earnings are at $8.67 per share -- both exceeding analyst predictions of $20.8 billion and earnings of $8.09 per share. Market cap comes in at $558 billion, surpassing Apple at $535 billion, a company which has struggled to grow in recent times following a long period of flourishing.

 

Alphabet attributes the wild success to its investments in mobile search as well as YouTube and "programmatic" advertising. Its 1 billion active Gmail users probably don't hurt, either.

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