Jump to Main ContentJump to Primary Navigation
Top

Apple is no longer the world's most valuable company

google.jpg

It's that time of the year when many companies start revealing how well 2015 went, and everyone with a passing interest in finance (us) wonders whether we should invest our money in something other than video games and takeaways.

On Monday, Alphabet - the recently formed parent company of Google - reported that it made more money in the last quarter of 2015 that it had expected it would. This, in turn, saw the world's stock markets respond favourably, pushing Alphabet's shares up by eight per cent - a number that made Alphabet the world's most valuable company, surpassing previous holder and close rival, Apple. 

Apple is still making a lot of money: it returned profits of $18.4bn during the same period that Alphabet's many companies made profits of just (just?) $4.9 billion. However, Apple hasn't grown in the last year, with share values sliding by as much as 20 per cent in the last three months. Why? Because the iPhone isn't selling as much as it once did - everyone who owns one doesn't need a new one.

In summary: Alphabet (and Google) are the new kings of tech, and Apple needs some new ideas if it's going to regain the throne.

(Image: Rex)

Related

apple3.jpg

Ex-Apple employee reveals what it's like to work in an Apple store

apple.png

Everything Apple is set to launch at its 21st March event

gadgets.jpg

These are the greatest inventions of the 21st century

Comments

More

Everything we know about the new Nokia 3310

The brick is back

by Matt Tate
24 Feb 2017

The not-at-all creepy future of Tinder, according to its boss

Dating meets Pokemon Go

by Matt Tate
24 Feb 2017

Instagram's latest update lets you group up to 10 photos in a post

This actually looks like a great new feature

by Matt Tate
22 Feb 2017

This might be the greatest Rocket League goal ever scored

They think it's all Rover

by Gary Ogden
20 Feb 2017

Crash Bandicoot: the greatest game I ever played

As its PS4 return is announced, one writer salutes one of the best platformers of them all

by Ryan Young
17 Feb 2017

TFL has been tracking you on the tube and the data is fascinating

Catnip for the tube heads

by Dave Fawbert
15 Feb 2017

20 Things You'll Only Understand If You Owned A Nokia 3310

14 Feb 2017

The Nokia 3310 is getting a relaunch (yes, really)

The return of the King

by Gary Ogden
14 Feb 2017

The new iPhone looks like it's going to have wireless charging

A huge move from Apple

by Dave Fawbert
13 Feb 2017

Things no one wants to hear on social media

We need to establish some house rules

by David Cornish
10 Feb 2017