Alphabet Comes Before Apple As World's Most Valuable Company

Alphabet Inc. first took the top spot during Monday's extended session following strong fourth-quarter earnings.

(Image credit: Alphabet)
(Image credit: Alphabet)

Alphabet now comes before Apple atop the list of the world's most valuable companies.

Shares of Google's parent company are pulling ahead of Apple in early trading Tuesday.

(Image credit: Alphabet)(Image credit: Alphabet)

Alphabet Inc. first took the top spot during Monday's extended session following strong fourth-quarter earnings. Apple Inc.'s iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago.

In the first regular hours of trading, Alphabet shares rose about 4 percent to push the company's market capitalization to about $539 billion. Apple, with investors uneasy about iPhone sales, lost about 1 percent, dropping its market capitalization to a mere $530 billion.

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