Following the release of its Q4 earnings earlier this week, Alphabet saw it stock prices surge to upwards of $800, increasing by 8 percent thanks to its strong earnings report. This jump on Alphabet’s part caused the company’s market capitalization to increase as well, rising to over $540 billion. This increase meant that Alphabet surpassed Apple to become the world’s most valuable company. Two days later, however, Alphabet’s stock has fallen back down, giving the crown of the world’s most valuable company back to Apple.
Google February 3
Google February 1
Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…
Google January 29
Google January 27
Google January 22
The lawsuit between Oracle and Google is inadvertently revealing some confidential information about the companies. It has already been disclosed that Google paid Apple a $1 billion fee in 2014 to keep Google as the default search provider for iOS Safari, as well as a revenue sharing agreement where Google gives a substantial portion of the iPhone search ad revenue to Apple.
Another lawyer from Oracle has also stated that Google has generated $22 billion in profit and $31 billion in revenue from Android in its lifetime, via Bloomberg. Although any number in the billions is impressive, it pales in comparison to Apple’s mobile platform profiteering. As highlighted by Quartz, Apple made more revenue from the iPhone in one single quarter, raking in $32 billion dollars worth of iPhone sales from July – September.
Google January 21
Earlier this evening, the Oracle vs. Google lawsuit revealed Android’s revenues and profits for the first time. The same case has now revealed that Google paid Apple $1 billion in 2014 as part of its ongoing deal to be the main search provider—as in the one that resides in the search bar by default—on iOS devices.