This is the time of year where financial
reports are out. And this time there’s an interesting coup. Apple, the famous
smartphone, Macbooks and iPod maker (if you weren’t sure which one), is no
longer the most valuable company in the world.
That title now belongs to their close-rival
Alphabet (the newly established parent company of Google).
Their net worth was around $558 billion
compared to Apple’s $534 billion.
They also announced that they earned $21.3
in revenue for Q4 of last year, beating Wall Street’s expectations.
It’s no surprise that the majority of their
revenue comes from Google, but a point to be made is that 90% of it is from ads
(no surprise perhaps as what they’re offering is similar to freemium, where you
get the service free but you have to deal with ads).
On top of that, the CEO, Sundar Pichai also
stated that Gmail now has a billion users. To put it into perspective, it’s 1
in 7 people.
For more info, you can refer to the
original article on Android Headlines.
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