Apple is the most valuable company in the world again (AAPL, GOOG)

Alphabet Profits Boost Shares, Tops Apple

Apple is once again the world's most valuable company.

The iPhone maker lost the title to Alphabet earlier this week after Google's parent company posted better-than-expected earnings on Monday.

But Alphabet is down over 3% on Wednesday morning, while Apple has stayed flat. The result: Alphabet currently has a market capitalization of just over $500 billion, while Apple's is up around $525 billion.

Apple recently posted the most profitable quarter in the history of capitalism, while Google operates seven different services with over one billion users.

The 11 greatest moments Apple's ever had on stage:

The 11 greatest moments Apple's ever had on stage
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Apple is the most valuable company in the world again (AAPL, GOOG)

1. When Jobs returned to Apple in 1997, the crowd erupted with applause and cheer as he walked back on stage for the first time.

(Photo via YouTube)

2. The introduction of the first iMac was a milestone for Apple. It was the first computer that seemed cool and not focused on the enterprise. The crowd ate it up.

(Photo via YouTube)

3. The crowd went nuts when Jobs demonstrated how WiFi works back in 1999.

(Photo via YouTube)

4. Jobs showed the world the iPod for the first time at an intimate event in 2001.

(Photo via YouTube)

5. Conference attendees went ballistic when apple unveiled the iPhone in 2007.

(Photo via YouTube)

6. He even prank called Starbucks on stage and ordered 4000 lattes to show how well phone calls worked on the iPhone.

(Photo via YouTube)

7. Apple debuted the iPad in 2010 at half the price most people expected.

(Photo via YouTube)

8. One of Jobs' most memorable "one more thing" announcements was the first Facetime demo in 2010.

(Photo via YouTube)

9. Jobs perfectly summed up the company's approach to mobile with a simple image of a street sign.

(Photo via YouTube)

10. Apple CEO Tim Cook used Jobs' famous "one more thing" line for the first time when he unveiled the Apple Watch.

(Photo via YouTube)


Apple faces questions about whether its most profitable product, the iPhone, can continue to post historic sales growth. Google is making more money than ever before on online advertisements, but cost-per-click continues to fall.

But despite challenges, the two Silicon Valley giants are poised to jockey for the top spot for years.

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