GOOGLE LOSSES MOST VALUABLE COMPANY POSITION TO APPLE
Google/Alphabet has lost its recently won position as the most valuable/market capitalised company in the world to Apple.
The resurgence of Apple back to the number 1 position is largely thanks to an increased interest in Apple shares in yesterday's trading. Yesterday's activity saw Apple shares go up by 2% and a decline of 5% in Alphabet shares, with Apple and Alphabet share prices closing at $96.35 and $726.95 respectively.
These changes makes Apple as the most capitalised company in the world with a market cap of about $534 Billion, and Alphabet coming second with $515 Billion. Microsoft, ExxonMobil and Facebook make up the third, fourth and fifth positions with market caps of $413Billion, $327 Billion and $321 billion respectively.