Home / Insurance Tips / Google Inc parent company Alphabet Inc overtakes Apple Inc in market value — but don’t expect it to last

Google Inc parent company Alphabet Inc overtakes Apple Inc in market value — but don’t expect it to last

Apple and Alphabet have long wrestled for the top spot, as the likes of IBM have declined, but Apple may have an ace in the hole with the iPhone 7 launch in September.

Alphabet Inc might win the marketplace cap battle against Apple Inc, but will it win the war?

Maybe not.

The median stock price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was US$924, suggesting the company formerly referred to as Google might be valued at US$628 billion in the next 12 months.

Apple, tracked by 49 analysts, would be worth US$748.5 billion, at the current median price target of US$135.

That’s not every.

A consider the most bullish price targets on the companies’ shares implies that Alphabet is anticipated to become valued at US$734 billion within the next 12 months, while Apple could hit US$1.10 trillion – which makes it the very first publicly listed company ever to be worth more than $1 trillion.

Billionaire investor Carl Icahn, an Apple investor, said in May that the iPhone maker was “dramatically undervalued” and really should trade at US$240 per share. At that price, the company could be valued at about US$1.30 trillion.

Alphabet easily beat Wall Street’s forecasts, helped by strong mobile advertising sales.

Alphabet’s shares rose as much as 4.4 percent toUS $804.50 on Tuesday, valuing the organization at US$546.50 billion, which makes it the world’s most valuable company – for now.

Apple shares fell 1.2 per cent to US$95.28, giving the company a market capitalization of US$528 billion.

Alphabet, which rejigged its operating structure this past year to separate its core Google business from its so-called “moonshots” also broke out recent results for these operations the very first time on Monday.

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