Alphabet becomes the World’s Most Valuable Company

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Google’s parent company, Alphabet has become the world’s most valuable company. Alphabet was born just a few months ago, but it’s already earned the title of the most valuable company in the world with a market cap of around $570bn following its Q4 earnings, compared to Apple’s $538bn.

This is the first time Google’s value has exceeded Apple’s since 2010, likely helped by Apple’s lower-than-expected Q1 2016 earnings during which the firm reported iPhone sales of 74.78 million smartphones, up slightly from 74.46 million in the year-ago quarter. Behind Alphabet and Apple sits Microsoft at $433bn and Facebook, at $328bn.

During its earnings call, Alphabet reported a 5.3 percent increase in profits to $4.9bn and saw its revenues climb 18 percent to $21.3bn, surpassing Wall Street expectations and likely causing many to raise an eyebrow over Google’s recently-revealed £130m UK tax deal.

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