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Alphabet, parent company of Google, is now more valuable than Apple

By Scorpus ยท 5 replies
Feb 1, 2016
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  1. Alphabet, the recently-created parent company of Google and other ex-Google subsidiaries, has just surpassed the market cap of Apple in after hours trading, making it the most valuable company in the world.

    The rise in share price and market cap comes after Alphabet posted Q4 2015 financial results that surpassed expectations. The company recorded $21.3 billion in revenue for profits of $4.9 billion, up 18 and 5 percent respectively year-on-year, sending share prices up around six percent in after hours trading.

    The rise in share price leaves Alphabet with a market cap of around $550 billion, slightly higher than Apple's market cap of $538 billion. It's the first time since 2010 that Google (now Alphabet) has surpassed the valuation of Apple, although both companies sit well behind Apple's all-time market cap record of $774 billion.

    Alphabet investors don't appear to be overly concerned that the company is losing money on "other bets", which include all of the more innovative ideas spread across subsidiaries such as Google Fiber, Nest, Verily, GV and X. These bets cost Alphabet $3.56 billion over the entirety of 2015, although revenue of $75.5 billion and profit of $23.4 billion for the same period shows that the company isn't doing too badly at all.

    After hours trading isn't always the best indication of a company's value, so it's unclear if Alphabet's enormous market cap will stay the same when trading resumes tomorrow. For now, though, the company has surpassed Apple; a significant milestone that will have executives celebrating tonight.

    Permalink to story.

  2. tonylukac

    tonylukac TS Evangelist Posts: 1,376   +72

    Why didn't a company buy microsoft, not the government. When you look closely, they are in chaos. Did you know they have some kind of watered down version of their websites that you access some of the time? Today, I searched for a particular update that didn't work giving 4000 hits. When I came back and searched again, I got a colorful for dummies website that had 2 hits. Did you know that windows update does not work on vista? It seems to require more than 4 gig of memory having to do with upgrading to win 10. It uses 100% cpu on two machines on the svchost program. I thought even windows 95 was supposed to be still capable of loading updates, altho I know there are no new updates. For some reason, our power line is supplying 128 volts instead of 120 volts, and high cpu with the overvoltage will burn out the machine. My newest asrock burned out, but works sometimes now. The 5 volt rail is coming out to be 6.3 volts.
  3. AvalonMD

    AvalonMD TS Enthusiast Posts: 36   +42

    I don't even want to know what you are smoking but stop it, it's bad for your health!!! Say no to crack, or whatever this guy lights up, kids!
    stewi0001 and Laf904 like this.
  4. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,286

    I haven't seen a rambling rant like this from you even on the My Broadband site.
    **Edit** I withdraw that comment, I'm confusing you with someone else.
    Last edited: Feb 2, 2016
  5. Hexic

    Hexic TS Evangelist Posts: 505   +334

    I re-read this twice, and I still can't come to any logical conclusion as to what you are saying, or even hinting at...
    jonny702 likes this.
  6. tonylukac

    tonylukac TS Evangelist Posts: 1,376   +72

    You all really want me to crack up. Think of me as a republican. They are all insane. As computers fade away, don't tell me I didn't warn you.

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