MarketWatch writes article about As Apple shares sink, Alphabet closes in on its market cap:
By Sue Chang
Published: Jan 27, 2016 5:33 p.m. ET
A swing of $30.5 billion would put Alphabet ahead of Apple
By
SueChang
Markets reporter
An earlier version of this story had the incorrect year for the
iPhone’s launch. The error has been corrected.
As Apple’s stock sinks deeper into the red, Google parent Alphabet is
closing in on its stock-market value.
Worries about iPhone sales growth pummeled Apple Inc.’s shares on
Wednesday, allowing Google’s parent Alphabet Inc. to narrow the gap for
the crown of the world’s largest company by market value.
Apple AAPL, -6.57% which has held the title since 2011, has
a market capitalization of $517.97 billion, compared with Alphabet’s
Cupertino, Calif.-based Apple on Tuesday turned in
The iPhone maker’s stock has had a rough year so far, in part on
worries about how the economic slowdown in China will impact future
MarketWatch Article Source Here.