Theres been a shake-up today in the never ending saga of comparing Apples to Android, as Alphabet, has topped the iPhone-maker as the worlds most valuable company.
Thats right, even though Apple just made more money than it ever has, Googles new parent company now has a larger market cap on Wall Street after reporting its fourth quarter earnings.
Alphabet is worth $570 billion (about £399b, AU$805b), with much of the profits owed to Google search and Android. Apple is worth about $539 (about £377b, AU$761b) right now in after hours trading.
These numbers can fluctuate, but its still significant because this is the first time that the two tech giants have swapped places since 2010, according to CNBC. Back then, they worth a measly $200 billion (about £140b, AU$283b).
Google and Apple earnings explored
Alphabet has been propelled to "worlds most valuable company" status thanks to profit of $23.42 billion (about £16.39b, AU$33.07b) in 2015, after a revenue of $74.54 billion (about £52.18b, AU$105.3b).
It made more money in the latest quarter than Apple, but the bigger difference that investors have seen Apple as heavily reliant on iPhone sales, whereas Alphabet is a bit more diversified.
Googles reliance on search, Android, YouTube and the cloud offset some of the wilder revenue sinkholes of Alphabet. Moonshots, listed as "other bets" lost it $3.56 billion (about £2.49b, AU$5.02b)
Apple, meanwhile, only saw a modest growth in its cash cow, iPhone sales, with revenue up a meager 1% year-over-year, even with 74.4 million iPhones sold in the latest quarter.
Expect to see Apple branch out into other areas, and not just with safe bets like the Apple Watch. All the more reason to think Rumors of an Apple VR, an Apple Car and a redesigned iPhone 7 are true.
- Next Androids: Samsung Galaxy S7 and LG G5
from http://bit.ly/1wQPSvy
