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Apple Recoups World’s Most Valuable Company Title From Alphabet - Phones - Nairaland

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Apple Recoups World’s Most Valuable Company Title From Alphabet by Nobody: 3:41am On Feb 06, 2016
So... How long did it last for Apple to be dethroned? A couple of days? Less than 72 hours? Well Apple is back on top as the world's most valuable company even before releasing their next devices. When I tell people there's something about this company they won't believe me.


Based on Google’s more than healthy recent financial report, and generally gloomy iPhone sales predictions for at least the current quarter, we wouldn’t have been shocked to see Alphabet exceeding Apple’s market capitalization through summer or even fall.

But the simultaneous iPhone 5se/Apple Watch S/iPad Air 3 announcement is drawing near, and Wall Street clearly trusts the three new iDevices will strike gold at the box-office, covering for the waning mainstream appeal of the first-gen “iWatch”, as well as the overly familiar iPhone 6s and 6s Plus.

Either that, or traders simply want to believe in the Cupertino tech giant’s dominant worth, regardless of the competition’s obvious progresses. It literally took Apple mere hours to dethrone Google’s parent company from the top market cap spot, and while a bit of back and forth between the two remains a possibility for the near future, the present-day leader could also widen the gap to second place.

At $537 billion, AAPL outstrips GOOG by around $37B, with a stock quote of $96.35, up 2 percent in the past 24 hours as of this writing, compared to $726.95, down almost 5 percent. Microsoft and Facebook, the third and fourth most valuable companies in the world right now, have both lost steam too, but each in the 1 – 2 percent range, with estimated overall worth of $416 and $318 billion respectively.

Source: http://m.pocketnow.com/2016/02/04/apple-world-most-valuable-company-ahead-of-alphabet
Re: Apple Recoups World’s Most Valuable Company Title From Alphabet by zzzzy: 4:25pm On Feb 06, 2016
They regained it in less than 48 hrs sef

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