“Apple has been considered the world’s most valuable company since 2013 when it surpassed Exxon Mobil in market capitalization, but that status is now threatened by Alphabet, Google’s new parent company,” Alice Truong writes for Quartz.
“With a market cap of $542.5 billion, Apple still has a $47 billion lead,” Truong writes. “But with earnings on the horizon — Apple is set to report its results on Jan. 26 and Alphabet on Feb. 1 — it’s possible a new company might end up at the top.”
“That scenario would likely depend on an earnings miss from Apple and better-than-expected results from Alphabet,” Truong writes. “How likely is that? Not very: Consider the fact that Apple’s holiday quarter in 2014 was its biggest quarter ever.”
Read more in the full article here.
MacDailyNews Take: Imagine if they had equal P/E ratios.
Now for the rest of the story:
Revenue
• Alphabet: $71.76 billion
• Apple: $233.70 billion
(trailing 12-month value as of September 30, 2015, US dollars)Profit
• Alphabet: $16.48 billion per year
• Apple: $53.39 billion per year
(trailing 12-month value as of September 30, 2015, US dollars)Which company is more valuable?
SEE ALSO:
Is Alphabet Inc. about to dethrone Apple as the world’s most valuable company? – January 14, 2016
Apple could soon lose its place as world’s most valuable company to Google – January 13, 2016
Apple regains ‘World’s Most Valuable Company’ crown – August 1, 2013
Apple overtakes Exxon Mobil as world’s most valuable company – August 9, 2011
