Clash of the tech titans: which company has overtaken Apple as the world’s most valuable?

There’s only one contender really

Google’s parent company Alphabet has overtaken Apple as the world’s most valuable company.

The search giant made a $4.9bn profit in the fourth quarter of 2015, up from $4.7bn for the same period in the previous year.

An after-hours surge saw Alphabet’s share price rise by 9%, valuing the company at $568bn, compared with Apple’s $535bn.

Apple vs Alphabet

“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. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” said Ruth Porat, CFO of Alphabet.

Loss

While Alphabet made $16.3bn last year, it did actually lose £3.6bn on its more experimental ventures or what it calls “Other Bets”, such as self-driving cars. This is a bigger loss than the previous year’s $1.9bn.

 

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