Alphabet became the Most Valuable Company in the World

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2016-02-02

Alphabet became the Most Valuable Company in the World

Created within the scope of reorganization last year, Alphabet, Google's conglomerate company, has become the most valuable company leaving Apple behind.

Alphabet has become the most valuable company leaving USA-based technology giant Apple behind, which was the most valuable company in the world for the last 4.5 years. Declaring a net income of $4.9 billion (14.3 billion TL) with its last quarter profit above expectations, Alphabet's market value is expected to reach $568 billion today.

Apple, the most valuable company in the world for the last 4.5 years, is worth $535 billion.

Technology giants have been in the foreground for some time in the list of the most valuable companies. Overtaking Microsoft, a technology company, Apple left its seat to another technology giant. Microsoft, which lost its title to Apple in 2010, had claimed this title from IBM.