Alphabet the parent company of Google has recently became the world’s most valuable company overtaking the behemoth that is Apple. This is big news as the stock climbed 4.2 % as of market open this Tuesday. The companies market cap is now valued around $542 billion while the previous holder Apple sits at around $532 billion.
Alphabet which was consolidated into one company not that long ago helps the company diversify. Their investments are spread of course throughout all sorts of ventures & projects from Android, Adsense, AI, health tech, internet access and much much more. These various revenue streams have definitely helped the company grow year over year & take over one of the worlds biggest companies. There’s no doubt of the parent companies successful year thus far in market & related to that of product releases. 2010 was the previous year in which Alphabet was worth more than Apple so it’s been quite some time. Their play is to go forward & invest further in mobile as they see most of their ad revenue & business going forward being in that field.
There’s no doubt the market will continue shift & both companies are anything but invulnerable or doomed.
Patrick Pichette the 7 year CFO of the search engine Google has announced his retirement via a post on his Google+.
In his announcement he left a great note on work/life balance or lack there of.
In the end, life is wonderful, but nonetheless a series of trade offs, especially between business/professional endeavours and family/community. And thankfully, I feel I’m at a point in my life where I no longer have to have to make such tough choices anymore. And for that I am truly grateful. Carpe Diem.
The whole post is definitely worth the read and provides a look at Patrick’s a glimpse of his time at Google but more importantly events that occurred over that time frame. Touching on very personal milestones in his life from his family to the very story that started it all the climbing of Mt Kilimanjaro. As of yet Google hasn’t announced a replacement but Mr.Pichette will stay in place until the transition occurs.
It reminds me of the great quote by Alain De Botton
There is no such thing as work-life balance. Everything worth fighting for unbalances your life.
Apple has just closed with a market value surpassing $700 billion the first company ever in history to do so. The technology empire is now the first ever company to surpass such a milestone beating out the likes of Exxon Mobil, Microsoft, and Google. Recently disclosing their record breaking earning of $18 billion out of the $74 billion revenue they made silenced much of the press that forecasted Apple’s doom.
At the course Apple is going & with projected growth and product launches it isn’t inconceivable to think that they’ll be the first trillion dollar company.
To put things into perspective Apple as a company has the power to buy out its rival competitors such as Google or Samsung or for that matter both at their current market caps & still have billions left over. No big deal.
The bigger question going forward is their growth & future of the empire. With product launches such as the Apple Watch, future iPhone launches, and other avenues Apple may dive into can only lead to larger revenues. The question isn’t so much as what they’ll do from here but how high can the company go. Tim Cook Apple’s CEO recently made claims that they’re heading into their “biggest & boldest project ever.” with their recent investment into First Solar of $848 million to build a 1,300-acre farm of solar energy to power their all new HQ in California. This will lead to energy cost savings over time & ultimately money (not that they’re at loss of that).
Tim Cook recently went on to state in his interview at Goldman Sachs that he believe Apple can keep up their growth. More importantly that like Steve Jobs before him that Apple doesn’t believe in limiting themselves.
“We don’t believe in laws like the law of large numbers, Steve ingrained in us that putting limits on your thinking is never good.”
So whether its the Mac, iOS, or some other ecosystem Apple will focus on going forward we’re more than positive they’ll excel. Setting a new bar for competitors not just in the technology space but worldwide.
Thus begins the journey for the first ever trillion dollar company.