World’s most valuable company is no longer Apple
Alphabet just released its Q4 2015 earnings today which shot the stock prices of both Stock A and Stock C up to about $750-$780. Alphabet is now the most valuable company in the world, surpassing Apple’s position in the ranks.
With Apple’s earning beginning to show plateauing over earnings from the year before, Google stole the show, showing great numbers of growth. Investors are going crazy buying more stock which drove the price up this afternoon.
Alphabet’s Year-over-Year revenues are increasing, which means its growth is actually growing exponentially. Revenues went up 24% from the 12% the year before.
The majority of Google’s revenue is from ads, and while the number of ad clicks have gone up 31%, the cost per click has gone down 13 percent. Don’t be fooled. This means the company still made more money on ads!
During the sales call, the company also announced that it has more than 1 billion active monthly Gmail users. Google now joins Facebook and What’s App who also have more than 1 billion active monthly users worldwide.