Alphabet surpasses Apple to become world’s most valuable company

Thing is, Google expanded into more than just search engine, email, and mobile.

As a reminder, the Google segment includes collective results from Search, Android, Maps, Chrome, YouTube, Google Play, and Gmail – all seven of which individually boasted over one billion users during the quarter – as well as Ads, Commerce, Apps, and Cloud and hardware products.

Google owner Alphabet has knocked Apple off the top spot as the most valuable company in the world with its latest quarterly results.

Alphabet, the new parent company of Google, has surpassed Apple as the most valuable firm in the United States. That ranking, of course, could shift again in regular trading Tuesday.

Apple’s stock has been sliding over slowing iPhone sales. Nonetheless, investors are cheered by today’s earnings report from Google’s parent, while expressing a bit of fear following Apple’s earnings release last week.

Until now, Google chose to hide the expense of running those peripheral operations in its financial statement. “There were concerns that it had a negative impact on its desktop business, but as mobile takes over for more searches, mobile ads are becoming closer in value to the desktop ads”. Google websites generated $14.9 billion, Google Network Members’ websites $4.1 billion, Google advertising revenues $19.1 billion and Google other revenues $2.1 billion.

Yes, the company actually called them bets. That loss also excluded employee stock expenses.

Investors also have applauded the creation of Alphabet, which is structured to provide more information about the cost of the company’s experimental ventures into self-driving cars, Internet access services, health science and city management. On an annual basis, Alphabet made $16.3 billion but the figures show that the “Other Bets” lost $3.6 billion, while Google’s operating income rose to $23.4 billion, helped by online advertising gains. Porat, a Wall Street veteran, has consistently signaled her intent to rein in spending.

Josh Olson, an analyst at Edward Jones & Co., said, “Alphabet’s core business looks very healthy”.