Thursday May 12, 2016

Alphabet's Market Cap Tops Apple's

When it comes to market capitalization, Google has just topped Apple to become the world’s largest publicly-traded company. For those of you keeping track at home, this is the second time since the beginning of February that Alphabet has snagged the lead from Apple.

Alphabet's market cap overtook Apple's on Thursday morning. The Google parent's market cap was about $498.56 billion, compared with $496.69 billion for Apple. Shares of Apple hit a fresh 52-week intraday low of $89.89 in the session as they dipped below $90 per share for the first time since June 2014.