Monday, 24/10/2016 | 3:22 UTC+8
Speed Magazine

Alphabet overtakes Apple as world’s most valuable firm

Alphabet overtakes Apple as world’s most valuable firm
User Rating

It looks like Apple no longer reigns supreme as the world’s most valuable company. Opening with nearly four percent shares increase last Tuesday, Google’s self-generated parent company Alphabet took the top spot with more than $540 billion value, overtaking Apple’s $530 billion market cap.

Apple is still trailed by Microsoft, Facebook, and Exxon Mobil, rounding out the list of the world’s five biggest companies.

For those of you wondering if this is the first time that Google’s topped Apple—it isn’t. The first time that Google (without the parent company) toppled Apple and garnered the top spot was in February 2010. Both companies were still worth less than $200 billion and Apple is yet to release the first iPad, iPhone 4, and the MacBook product line.

Experts say that the rise in Alphabet’s share price came after its decision to give investors a clearer picture of its businesses. And while the company is most famous for its Google search engine, YouTube, and Android mobile operating system, Alphabet also betting on new technologies including robot cars, biotechnology, health and high-speed internet fibre networks.

This good news may have come at an awkward time for Alphabet, though, as the company is currently involved in a conflict with European regulators for suspected sweetheart deals with the U.K. government, which allegedly gave the company favorable tax breaks.

Words John Sosmeña

Related Posts


Available on:

Address: AIRO Media International, Inc. 96-B Panay Avenue, South Triangle, Quezon City
Office hours: 9:00 a.m. - 5:00 p.m. M-F
Tel. Nos.: (02) 374-6771 to 75