Alphabet passes Apple as world's most valuable public company

Google parent company Alphabet posts wild success in latest earnings report, beats out Apple.

@seanridgeley
Published Tue, Feb 2 2016 7:33 PM CST   |   Updated Tue, Nov 3 2020 12:01 PM CST

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

Alphabet passes Apple as world's most valuable public company | TweakTown.com

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.

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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