Alphabets market cap tops Apple, is now the worlds most valuable company

Google logoGoogle's intent to transition to "Alphabet"a company-full-of-companies that better represents the current layout of Larry Page's conglomeratewas announced back in August 2015. After getting organized and actually going through with the transition, today marks the first quarter of Alphabet's existence and its first earnings report. It even has a brand new investor site to celebrate.

For Q4 2015, Alphabet beat analyst estimates of 8.10 per Class A share and 20.77 billion on revenue, with $8.67 per share and 21.33 billion in revenue. The news sent the price of Alphabet stock up over 6 percent in after-hours trading, sending Alphabet's market cap over $550 billion. Apple's market cap is sitting at $538 billion, which makes Alphabet the most valuable company in the world. Alphabet's position as highest company by market cap is a product of both Alphabet's rise and Apple's fall. The amount is a far cry from Apple's all-time high of ~774 billion in February 2015.

Alphabets market cap tops Apple, is now the worlds most valuable company

As the first-ever Alphabet earnings call, Google is breaking out the non-Google parts into a segment called "other bets." Other than Nest and Google Fiber, the "other bets" segment is basically made up of Alphabet's moonshots. The company says the "other bets" segment had $448 million in revenue for 2015 ($327 million this quarter), but overall Alphabet's non-Google companies lost $3.567 billion this year, with $1.942 billion of that coming just this quarter.

Alphabet noted that most of the "other bets" revenue is from Nest, Fiber, and Verily. Nest and Fiber both sell products, and thus have very obvious revenue streams. That VerilyAlphabet's Life Sciences divisionis somehow taking in money is a surprise.

Source: Ars Technica

Tags: Apple, Google

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments