What’s trending on the Internet web is that Google SkyBender which is one of the secret solar-powered drone projects of search giant’s 5G network from skies, and that was admited by the social media and people around the world and today’s interesting point to talk about would be Alphabet, that has overtaken Apple to become the most valuable company in the world.
After hours of trading pushed Alphabet’s stock price up enough to make it the most valuable company in the world, where Google’s counterpart Alphabet closed Monday at $518 billion and with a market capital of about $570 billion vs Apple’s $538 billion. Although Alphabet spiked over 5% at one point following a strong earnings report, making Google worth roughly $544 billion. At that time the iPhone maker’s market cap stood at $534 billion.
Overall, Alphabet posted a total revenue of $21.32 billion in the fourth quarter and continued to beat on both the top and the bottom line, posting earnings per share of $8.67, which bests analyst expectations of $8.09. Becomes the first time since 2010 that Google’s Alphabet has worth more as a company than Apple, globally. Could be a temporary and far as actual consumers are concerned, but nevertheless at the moment for Alphabet, one worth noting.
Consider thia! Alphabet’s primary revenue-generating engine would be Google, and of course it is. Google CEO noted that seven Google consumer products have more than 1 billion monthly active users, including Gmail, Search, Maps, Android, Chrome, YouTube, and Google Play. As quickly as Google can make money, parent company Alphabet can spend it.
Well! “Other Bets” revenue includes Google’s long-shot projects such as ‘Self-Driving’ cars and Internet balloons, and just to say solar-powered 5G Network up from the skyes using drones, posted an operating loss of $3.56 billion with only $448 million in revenue.
Wall Street liked Alphabet’s earnings, spiking the stock trade over 8% in after-hours of trading before settling down closer to 5%. Obviously, we could see Alphabet officially claims the lead tomrrow morning, when the market opens. Stay tuned!