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.
CFO Ruth Porat released a statement with the earnings report, saying,
Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years
This is how Apple’s stock prices hold up in the past year
This is how Google’s stock prices went last year
Let’s see a side-by-side comparison of Apple and Google market capitalization over the past few years.
Bravo, Google, for raising the bar!
Passionately a software developer, Basit Saeed considers himself a person who believes in software and social media being the change agents of 21st century. He is a techy, a gadgets freak, and loves playing with code whenever he can. He tweets at @basit_saeed.