Alphabet which is minted as the primary company for Google and all other creative work, products has become most valuable company in the World. It has passed the Apple Inc this month with highest share price in the stock market.
Company’s debut quarter has brought cheers as they brought a profit of $4.9 billion on $21.33 billion in revenue for the quarter. This result outperformed early forecasts of $20.77 billion, producing a share price of $8.67 (compared to earlier estimates of $8.10 per share, based on the lower prediction).
Today, the announcement sent its share price up as much as 9% in after-hours trading.
All the fuss foss above means that Alphabet is now worth around $568bn, compared with Apple, which has a value of $535bn.
So overall it’s quite a good news for the heads over at Alphabet. What do you think? Google is rewarded for sharing futuristic ideas.
