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Apple Loses Crown As Most Valuable Firm

alphabet_incThe title of the world’s most valuable public company now goes to: Alphabet.

With an after-hours pop, Alphabet (the parent company of Google) has surpassed Apple as the most valuable publicly-traded company in the world. The internet search giant now has a market capitalisation of just shy of $US565 billion ($A794bn) based on its recent post-market movement, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. That’s above the $US539bn Apple boasts.

News Source: Business Spectator

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