Now, Alphabet could very soon become the most valuable company in the world overtaking Apple.
The newly formed group of companies that make Google now are doing relatively very well.
According to the consulting firm IDC, global smartphone sales growth slowed to 10 percent last year.
News of cuts at Apple suppliers suggest lukewarm demand for its latest phones.
In the meantime, Alphabet is still the king of advertising.
The sales of Alphabet are expected to see a growth of about 15 percent this year.
Alphabet is far more dependent on Internet advertising than Apple is on the iPhone.
Ads bring in about 90 percent of the companys revenue.
Keep a watch on this space to know who is the next most valuable company in the world.
source: www.techworm.net
