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Alphabet overtakes Apple as the world's most valuable company

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The shift occurred in Monday's extended trading after Alphabet, Google's new parent company, released a fourth-quarter earnings report that highlighted the robust growth of the digital ad market. Apple's iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago

Alphabet earned USD 4.9 billion on revenue of USD 21.3 billion in the fourth quarter. If not for employee stock expenses and certain other items, Alphabet said it would have earned USD 8.67 per share. That...

Alphabet overtakes Apple as the world's most valuable company

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