Alphabet usurp Apple as most valuable company in the worldBy Robin-Leigh Chetty 2 February 2016 | Categories: news
Apple's reign as the most valuable company in the world has ended, with Alphabet (Google's parent company) usurping the Cupertino-based tech manufacturer. Alphabet recently released its quarterly earnings, which saw a rise in the company's stock prices. The subsequent result led Alphabet's market cap to hit $570 billion, which places it above Apple's $539 billion mark.
While this most recent development will undoubtedly delight Alphabet's shareholders, The Verge was quick to point out that their ability to remain on top is no foregone conclusion, as stock prices fluctuate heavily during quarterly results season.
Nevertheless, this is an important milestone for the Alphabet, as the last time Google usurped Apple as the world's most valuable company was back in 2010.
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