Stock Market movement is showing steady signs that Google's mother company, Alphabet, will probably be more valuable than Apple very soon, cash aside.
According to International Business Times, Alphabet's market share is now worth some US$522 Billion, now making it the second most valuable on stock market after Apple in the S&P 500. USA Today further adds that cash aside, the gap between Apple and Google's worth is now only about 6%, and that difference has been "narrowing fast".
As this trend continues, it will only be a matter of time until Alphabet's stock will be valued more than the iPhone-makers, that have held the top spot for quite a while now and until today still remains to be the most valuable company.
Trends already suggest that investors in the tech sector are now actually wanting Alphabet's stocks more because of the acceleration of growth, although Apple still does hold supremacy in size of dividends paid out.
Google started this year with a worth of $291 Billion net of cash, but an influx of advertising through Youtube and mobile devices shot the company's shares by 38% in less than a year, bringing it much closer to Apple Inc's (AAPL.O) worth of about $660 billion, as Reuters explains.
However, in adjacent news, Alphabet made a shocking move of buying back up to US$ 5.09 Billion worth of Class C shares. Since Google remains to be conservative when it comes to paying out dividends to stock holders, it was speculated that the company was to pay a low dividend per share.
Alphabet's new corporate structure makes Alphabet the mother organization of Google. Google, under the leadership of new CEO, Sundar Pichai, still continues to run large operations such as search, advertising, maps, YouTube and Android. Smaller operations such as their venture capital investment firm, Google Fiber, Nest and life sciences will fall next to Google as under Alphabet.
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