Google surpasses Apple as the most valuable company in the world

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According to its Google/Alphabet earnings report, Alphabet has surpassed Apple as the world's most capitalised company. Alphabet's market cap which currently stands at $570 billion places it ahead of Apple's $535 billion valuation.

If you'd recall, late last year the honchos at Google changed their organisational structure and placed all the entities that used to be part of Google under a new parent company called Alphabet.