Apple quickly retakes ‘Most Valuable Company’ crown

Well, that didn’t take very long at all, did it?

Hours after Google parent Alphabet’s market cap briefly topped Apple to become the world’s most valuable public company, Apple retook the crown before market close.

With Alphabet closing down $1.98 (-0.28%) at $713.31 and Apple down $2.17 (-2.35%) to $90.34, Apple’s market capitalization hit $494.83 billion versus $489.73 billion for the search giant as of market close.

The last time Google had a larger market cap than Apple was on February 2, 2016.

MacDailyNews Take: Neck and neck, in market cap, at least. Not much else (see below).

Also of interest: “Alphabet set to reign over Apple for good” by
Tae Kim for CNBC.

(smirk)

Apple vs. Alphabet revenue (2008-2015) (in billion U.S. dollars)

Apple vs. Alphabet net income (2008-2015)

SEE ALSO:
Apple again the world’s most valuable company – February 3, 2016
Go figure: Google’s ‘more valuable’ than Apple, but Apple’s iPhone takes 94% of smartphone industry’s profits – February 2, 2016
Apple’s iPhone can soon reap 100 percent of world’s smartphone profits – November 17, 2015
Apple’s iPhone owns 94% of smartphone industry’s profits – November 16, 2015