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INTERNATIONAL AFFAIRS
GOOGLE’S ALPHABET OVERTAKES APPLE AS WORLD’S MOST VALUABLE COMPANY
February 6, 2016
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1.Alphabet, Google’s parent company, pipped Apple to become the world’s most valuable company on Tuesday, ending the iPhone company’s four-year reign.

2.Alphabet’s shares rose by 4.7% by noon on Tuesday following the release of better than expected results. After the rise Alphabet was valued at $548bn to Apple’s $534bn.

3.Apple’s share price bounced back by the end of the day to put it in the lead again. But while the race between the two tech titans is close at present, analysts are predicting Alphabet will soon take the lead again. Deutsche Bank raised its 12-month share price target for Alphabet to $1,080, 40% above Alphabet’s closing price on Monday.