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APPLE IS NO longer the most valuable company in the world after Alphabet, Google’s parent company, surpassed it.
The company made a profit of $4.9 billion (€4.48 billion) in the last quarter of 2015, and saw its value rise to $568 billion (€520 billion) in after-hours trading, beating Apple’s value of $535 billion (€490 billion).
This was Alphabet’s first earnings report after its major overhaul back in August, separating businesses like Google and YouTube from its ‘Other Bets’ business, which includes experimental projects like self-driving cars, its internet delivering balloons project Google Loon and Google X.
Its spending on ‘Other Bets’ increased significantly in the past year, where it made a loss of $3.56 billion (€3.2 billion) in the last three months of 2015.
Online advertising, however, still makes up the bulk of its revenue, where it made $19.36 billion (€17.74 billion) in that quarter while total revenue was $21.32 billion (€19.5 billion), an 18% increase year-on-year.
Alphabet now employs almost 62,000 people worldwide.
Growing rivalry
After Alphabet’s earning call, Facebook decided to announce how WhatsApp now has one billion users signed up to its service, something it was originally hoping would happen at the start of the year.
During the call, Google’s CEO Sundar Pichai mentioned how seven of its products now have more than a billion monthly active users including Search, Android, Chrome, YouTube, Google Play and now Gmail.
Also, he took a shot at Facebook’s video service and the news its users watch 100 million hours daily saying that on YouTube, people watch hundreds of millions of hours of video every day. He didn’t give specific figures, but it’s believed it ranges around 500 million hours of video a day.
A similar incident happened last week where Facebook CEO Mark Zuckerberg announced it was working on an AI that would be able to play Go, the ancient Chinese game. Later on the same day, the Google-owned company DeepMind announced it developed an AI that defeated the European champion in the same game.
Alphabet’s rivalry with Apple continues to grow since both own the two biggest smartphone platforms out there. Despite having more than a billion people using Android, recent court documents revealed how Google paid Apple more than $1 billion to keep its search bar on iOS.
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Some bigger computer companies built in items to keep the mainframes at a certain speed then charged for speeding them up. An engineer would go out and remove a part which was like a restrictor on a car thus allowing the computer go faster. Charging plenty of money for doing so.
Most things have built in obsolescence now.
But car companies do the same thing. Same engine giving different power (or emissions cough VW) outputs depending on the software. Pay a mechanic to re-map the engine to get more power and sometimes more fuel efficiency from the engine.
I’m not aware of a remap ever giving more power and increased fuel efficiency, you normally sacrifice one for the other, so not quite the same
You really wonder eh
This is why I put clean Ubuntu installations on my machines…
Installed linux mint yesterday on a VM as I normally use Mac and Ubuntu, mint is not a bad OS for anyone jumping across from Windows
I bought a new laptop from Dell recently with a “Killer” Nic. No linux drivers :( WIndows 10 makes me cry. So the laptop is using a wifi dongle until I can find time to work a solution.
Wouldn’t happen if ruth coppinger was at the helm :-o
All these things are easy to find if you have anything about pcs and can usually be fixed easily so that isnt the problem the problem is if yhe wrong person finds it
To be fair.. DELL rarely make this type of mistake
AT WORK & AT HOME!
Dell OptiPlex 7040 Series $689.00
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