The official website of Alphabet: Google remains the profit guarantee of the newly formed company.
Google as an alphabet driving horse
Since October 2017, Google is a subsidiary of the newly registered Alphabet Inc., the new parent company for all branches of the original Google business. Now the young company has presented its quarterly balance for the first time - and with very good numbers the investors excited. The profit in the fourth quarter of 2017 was 4.9 billion dollars, the sales at 21.3 billion dollars. According to Reuters, the alphabet shares in post-trading trade rose by 6 percent.
Gmail with a billion users
At the same time, the leap of the alphabet means a change of power in Silicon Valley. If the share price of the next opening of Wall Street is confirmed, the Google mother would be worth $ 554 billion. The major competitor Apple is worth $ 534 billion.
Tweet the Gmail team
Apple had announced its quarterly figures in the past week. Despite a record profit, the price of the share subsequently fell further. The reason for this is the poor prospects for sales of the iPhone iPhone.
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Even after the restructuring, Google CEO Sundar Pichai remains the success guarantee in the new alphabet construct. The reason for the good result is according to Reuters the rising Google advertising revenues in the mobile devices as well as on the video platform Youtube. Meanwhile, the other alphabet daughters like Calico, Fiber and X devour billions of research funds with their future projects. Against the backdrop of growing overall revenue, analysts see these issues as relaxed.
As part of the announcement of the quarterly figures, there were also announcements about Gmail: Google's e-mail service has now a billion active users. Thus, Gmail almost simultaneously with the Facebook subsidiary Whatsapp the 1-billion users limit. On Twitter, the Gmail team celebrated the message with a small video (see below).
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