Alphabet share rose by eight per cent on Monday. Sales have increased by 18 percentage points, compared with last year, reports CNBC.
Google’s operations were streamlined
Alphabet was established in 2015 as a parent to Google. The aim was that Google’s business would be streamlined and just about information technology. Other operations were in other companies. There are, for example, Nest, which manufactures security systems, and fiber, which is a broadband service provider.
On Monday rose Alphabet share by $ 8.67 – which was considerably better than expectations.
– Our very strong performance in the fourth quarter reflects the activity of the company which is mainly driven by searches on mobile and Yotube and advertising, areas in which we have invested for many years, said Chief Financial Officer Ruth Porat on the Alphabet in a statement.
Alphabets market capitalization of 570 billion
When the stock market closed on Monday was Alphabets market capitalization of 570 billion dollars, while Apple’s market capitalization was 535 billion. The last time the two companies remained at the same level was in February 2010 when the two companies remained below $ 200 billion.
Steve Jobs ruled
At the time, the iPad does not come, Mac computers accounted for one-third of Apple’s revenue and Steve Jobs Still ahead in the company.
2010, it was Eric Schmidt who ruled Google – then half as large as today.
mightiest five years ago
2011 passed Apple oil giant Exxon, becoming the world’s most powerful companies. A position today then Google stole for himself.
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