Alphabet became the most expensive company

Alphabet became the most expensive company

Apple often proud of the title of the most expensive company in the world, but in recent weeks the price of their shares fell after iPhone sales decline. In particular, a problem for investors was China, which in the long term should contribute to the growth of the company, but in the end did not improve the situation.

The parent company Google, Alphabet, once again surpassed Apple in monetary terms of market capitalization. TV channel CNBC said that in the course of trading Alphabet saw their market capitalization of about $ 498.56 billion, while Apple’s market capitalization was $ 496.69 billion.

Alphabet became the most expensive company

Apple often proud of the title of the most expensive company in the world, but in recent weeks the price of their shares fell after iPhone sales decline. In particular, a problem for investors was China, which in the long term should contribute to the growth of the company, but in the end did not improve the situation.

Earlier Alphabet overtook Apple in the ranking of most expensive companies in the world in February, but only for a short time. Historically, Apple has become the first back in 2011, surpassing ExxonMobil, when the market capitalization exceeded that of the oil company.

During intraday trading, Apple for the first time reached the lower level since the early ’80s, when the stock fell below $ 90, down about 2.7%. But be that as it may, we still have to find out how long Alphabet can stay on top.

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