Well, that didn’t last long. For a brief moment Google’s parent company, Alphabet, overtook Apple as the world’s most valuable company. But Apple has regain the top spot as the Cupertino, California-based company’s stocks have risen since Monday.
Shares are now trading up US$0.55 at $96.38, while Alphabet's share have dippedd. This puts Apple's market capitalization (or the value of all its shares together) at $534 billion compared to Alphabet's $508 billion.
Richard Windsor, an independent analyst at Radio Free Mobile, told The Independent that Apple is at a better position as Google has an increasing dependence on Apple for revenue while Apple is taking steps away from Google.
He said that Apple is developing Maps to combat reliance on Google Maps and have allowed ad-blockers on its browsers to keep Google from making money on ads. If Apple will become successful in "booting" Google out, Google could lose $13 billion in annual revenue as well as a "collapse in its valuation."