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Google Inc parent company Alphabet Inc overtakes Apple Inc in market value — but don’t expect it to last

Apple and Alphabet have long wrestled for the top spot, as the likes of IBM have declined, but Apple may have an ace in the hole with the iPhone 7 launch in September.

Alphabet Inc might win the market cap battle against Apple Inc, and can it win the war?

Maybe not.

The median stock price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was US$924, suggesting the company formerly known as Google could be valued at US$628 billion in the next 12 months.

Apple, tracked by 49 analysts, would be valued at US$748.5 billion, in the current median price target of US$135.

That’s not all.

A consider the most bullish price targets around the companies’ shares shows that Alphabet is anticipated to be worth US$734 billion within the next Twelve months, while Apple could hit US$1.10 trillion – which makes it the very first publicly listed company ever to be more vital than $1 trillion.

Billionaire investor Carl Icahn, an Apple investor, said in May that the iPhone maker was “dramatically undervalued” and really should trade at US$240 per share. With those prices, the company could be worth about US$1.30 trillion.

Alphabet easily beat Wall Street’s forecasts, helped by strong mobile advertising sales.

Alphabet’s shares rose around 4.4 percent toUS $804.50 on Tuesday, valuing the organization at US$546.50 billion, making it the world’s best company – for the time being.

Apple shares fell 1.2 percent to US$95.28, giving the organization an industry capitalization of US$528 billion.

Alphabet, which rejigged its operating structure last year to split up its core Google business from the so-called “moonshots” also broke out recent results for these operations for the first time on Monday.

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