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Google to Become World's Most Valuable Company Leaving Behind Apple

Alphabet, Google's parent company, is once again the most valuable company in the world, overtaking Apple.

Alphabet closed at $518 billion on Monday, but in after-hours trading on Monday, Alphabet spiked over 5% at one point following a strong earnings report, making Google worth roughly $544 billion. At that point, Apple's market capitalization stood at $534 billion.
Alphabet had already surpassed Apple briefly earlier this year.
Alphabet beat on both the top and the bottom line, posting earnings per share of $8.67, which beat analyst expectations of $8.09.

Alphabet's primary revenue-generating source is search engine Google. During Monday's earnings call, Google CEO Sundar Pichai noted that seven Google consumer products have more than 1 billion monthly active users, including Gmail, Google Search, Android, Maps, Chrome, Youtube, and Google Play.
Apple's stock was down Thursday morning on reports of a drop in iPhone chip shipments.
Of course, we'll see if sometime in future Alphabet will permanently overtake Apple.

Shrey Kapoor is a Tech-Enthusiast, Harvard certified Cyber Security and Cyber Forensics Expert. He Founder, which is one of the India's Top Tech News Website. Even Forbes and many other renowned publishers took his articles reference. Shrey is a Technology analyst, strategic thinker and creative writer who is passionate to deliver the best, latest possible Tech-News to his followers and subscribers. He completed his masters in Artificial Intelligence & Robotics, certified in IPR, T.Q.M. & ISO 9001:2008 In Quality Management Systems.

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