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Alphabet Inc overtakes Apple as world’s most valuable company

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Alphabet Inc. becomes the world’s most valuable company after overtaking the Apple. Alphabet’s market capitalization becomes $531 billion after its share has been rose by 1.7%. Five of the most valuable companies in the world are – Alphabet, Apple, Microsoft Corp., Facebook Inc. and Inc.

Apple Inc

About Alphabet Inc

  • Alphabet an American multinational conglomerate.
  • It was established in 2015 as the parent company of Google
  • The headquarter of company is in California and it is headed by Google’s co-founders, Larry Page and Sergey Brin, with Page serving as CEO and Brin as President.
  • The reformation of Google into Alphabet was completed on October 2, 2015.
  • Alphabet’s group encompasses several industries, including technology, life sciences, investment capital, and research.
  • Some of its subordinators include GoogleCalicoGVGoogle CapitalXGoogle Fiber and Nest Labs.
  • It is currently the world’s most valuable company, replacing Apple Inc.
  • Alphabet reports higher profit this year and snatch the crown from Apple Inc.
  • Alphabet’s main focus is on the Web business along with investments in artificial intelligence, self-driving cars, health technology and fast Internet access.
  • Prices of the Apple products are generally high that are connected to a schedule of services such as iTunes and the App Store.
  • While Alphabet’s services are free that is the main reason of having large number of users that helps in making great profit by selling a large quantity of advertising.