Courtesy of Benzinga.
It's official. Apple Inc. (NASDAQ: AAPL) has now been dethroned as the world's most valuable company by Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), more commonly known as Google. The headlines have been consistent:
Apple Just Passed Apple As The Market's Most Valuable Company [Benzinga]
Google parent Alphabet passes Apple market cap at the open [CNBC]
Alphabet's market cap tops Apple, is now the world's most valuable company [ArsTechnica]
Google parent Alphabet more valuable than Apple after earnings beat [MarketWatch]
But just how far away were both companies a year ago? That's the real story. Allow Statista journalist Felix Richter to explain.
As seen above, Google was worth less than $400 billion in February 2015, while Apple briefly neared $800 billion before selling off. Macroeconomic and innovation concerns have pushed Apple investors lower, while Google's consistent ad growth and earnings beats have helped its shareholders.
The future is anything but certain, but investors betting on an Apple rebound should keep an eye on its event on March 15.
Posted-In: Apple Felix Richter GoogleNews Events Movers Tech Trading Ideas
