Alphabet Inc is now the most valuable company on the markets

Alphabet Inc. (GOOG) just surpassed Apple Inc. (AAPL) as the world’s most valuable publicly traded company after four years. The company formerly known as Google, share price peaked in after- hours trading on Monday after  receiving a strong earnings report, sending its market capitalization to $550 billion. Apple’s market shares currently stand at $538.7 billion. At 4:43p.m Alphabet’s stock traded at $794.95 up 5.71% from the market closing price of $752.

In 2010 Apple surpassed Google when both had a market value of less than $200 million. Since the release of Apple’s iPad and iPhone brands, of which 66% of its revenue was attributed to, the company in recent months has been under pressure as a result of low sales and an uncertain future of new products that will steer its growth.

The company's earnings report for the fourth quater of 2015 represented the first time the company has introduced some of its new ventures, such as Google Fiber and its self-driving car initiative. Even though these projects are not related to the company’s driving force of search- advertising, they do represent that which may very likely be profitable in the near future. Alphabet Chief Financial Officer Ruth Porat, who arrival investors responded quite positively to, said: “We’re excited about the opportunities we have across Google and other bets to use technology to improve the lives of billions of people. Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years

Scott Fullman, a chief strategist at Revere Securities Corp on Monday said: "The company has been tracking very well given the volatility in the market, dominated by falling energy prices and weakness from China.This change may well signal a new era in which the prime technological frontrunner may be awarded to Alphabet and makes for interesting time for investros to watch the development of the company