Alphabet, the former Google, Apple surpasses Wall Street – The Republic

MILAN – Alphabet, the holding company that controls Google, becomes the largest US company by market capitalization, overtaking for the second time in a few Apple months: on Wall Street is worth 498.56 billion dollars, up from 495.38 billion Cupertino, that after the publication of the latest quarterly accounts (and the fear of a further decline in iPhone sales) is not doing very well. The title in fact Apple is continuing to lose ground: for the first time since June 2014 has gone under 90 dollars, while the company has fallen below 500 billion dollars of value, something that has not happened for two years. And Google took the opportunity, thanks to greater confidence on the part of the market on the possibilities of the Mountain View giant growth.

The Apple weakening began with the publication of accounts in the first quarter of 2016. For the first time by iphone launch, sales of mobile phones were down. And the signals for the coming months are not exciting. Meanwhile, analysts expect a further slowdown and even the Taiwanese Foxconn – one of iphone manufacturers – scored accounts falling due to the slowdown in demand from Apple. Just that element gave the final push to Apple, clearing the way to Google.

The last overtaking was last February. In Google that occasion she had left behind after Apple began a comeback this summer. Overtaking is the latest in a series of heads-up began in 2008, when both companies had a market value of less than $ 200 billion and the biggest of all was the oil giant Exxon Mobil, surpassed by Apple in 2012 (the head to head between cupertino and Exxon had lasted until 2013, when then the company at the time led by Steve Jobs had finally taken off). But the real problem is related to what Apple will be able to restore confidence to investors fear could have lost its innovative momentum that until now had made his fortune. The real test is expected in September when it will submit the new iphone. In all this the CEO, Tim Cook, in recent days has sought to calm the waters by claiming that the group has in the Serbian news.

Topics:

apple

alphabet

google

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