Mark the date “February 1st” as Google parent company Alphabet overtook the title of “most valuable company” from Apple at $570 billion to the Cupertino-based giant’s $539 billion. It marks the first time since 2010 that the house that Google built toppled Apple.
It should be noted that stock prices shift often and the most intriguing or negative piece of news, an announcement of a product that is guarantee money or there appears to be little confidence in can boost the value greatly or spike it into the ground. This was the case when Alphabet dropped its Q4 earnings which saw strong improvement year-to-year during an earning call earlier in the day.
While the fourth quarter performance was good for the company, 2015 was a very productive year as a whole. Alphabet—while still called Google—pushed ahead with its driverless car project and things on the YouTube front really picked up with several additions in YouTube Gaming, YouTube Music, and YouTube Red.
Alphabet was formed in 2015 as a means to better restructure the company for its various projects without closely associating them with the main Google brand. The restructuring allows for more flexibility in projects that come with varying ranges of success and rates that they will catch on such as the autonomous car, Google Glass, biotech and Project Wing.