Alphabet may surpass Apple in market cap
Alphabet is currently trailing Apple in the race to join the $5 trillion market-cap club. Apple is just over $200 billion in market cap away from joining, while Alphabet is about $1 trillion away.
The two companies have different business models, with Apple relying on hardware sales and Alphabet focused on software and cloud computing. Alphabet’s financials are more representative of a $5 trillion company.
Alphabet’s net income is starting to surpass Apple’s, which may justify a higher market cap. The company’s cloud computing business and software focus may give it an edge over Apple’s hardware-based model.
The market cap gap between the two companies may narrow if investors focus on profits over revenue