Alphabet Passes Apple As Biggest Company in World
Google parent company worth around $570 billion
At the end of trading yesterday Alphabet, the company formerly known as Google, passed Apple at the biggest company in the world, in terms of market capitalisation.
The company now worth around $570 billion on the stock market, compared to Apple’s $535 billion, $200 billion of which has come since Google restructured to become Alphabet 6 months ago.
Google, and the stable of everyday brands under its wing (YouTube, maps, Android, search), is the profitable arm of Alphabet – most other companies controlled by the conglomerate are tech buyouts that are a long way from profit. “Project Skybender” for example, uses technology developed by Titan Aerospace, now known as Google Titan. The project aims to deliver ‘10G’ internet via microwaves, using Titan’s solar powered drones.