Karthikkrazzy1
2 years ago1,000+ Views
On Monday Alphabet became the world’s most valuable publicly traded company by knocking off Apple Inc. off it's position.
Alphabet was created in 2015 as the parent company of Google and several other companies previously owned by or tied to Google. Some of its subsidiaries include Google, Calico, GV, Google Capital, X, Google Fiber and Nest Labs.
The company smashed expectations on both ends, bringing in $21.3 billion in revenue and earnings of $8.67 per share. Analysts were expecting earnings of $8.09 on $20.8 billion in revenue.
Alphabet became the most valuable publicly-traded company in the world — coming in at a market cap $558 billion after jumping about 8% after the company reported its fourth-quarter earnings, and passing Apple, which sits at a market cap of $535 billion.
“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,” CFO Ruth Porat said in a statement with the earnings report.
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Apple is going to launch a new 4inch iphone model at a special event this march. I think thats gonna make a huge difference ( may be good or bad). @nicolejb @DaivonUnderwood
Interesting! Thanks@Karthikkrazzy1 now if you would excuse me, I have some research to do🙃
Yeah, @Karthikkrazzy1 I'm going to try to keep my eyes on it for SURE
Hahahahaha well thanks anyway for the share @DaivonUnderwood LET THE BATTLE BEGIN!
Hahahah let us know what happens when you report back @DaivonUnderwood:D
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