Alphabet Inc., the holding company of Google has unequivocally becomes the World’s Most Valuable Company, surpassing Apple with a market cap difference of $23 billion dollars – Google’s market cap was $558 billion with 8% increase after the company reported its fourth-quarter earnings. Meanwhile, Apple’s market cap sits at a $535 billion.
The company smashed expectations on both ends, bringing in $21.3 billion in revenue and earnings of $8.67 per share. What amazing is that Google, a software company, surpassed the revenue of Apple, a hardware company with crazy margins on its products. This narrative alone speaks a lot of its capabilities and focus on making the best of what they make, which are mostly intangible services.