Apple, Google in the race to be number one
Currently at the top of the corporate world, Apple and Google are in a back and forth battle to be the number one and it is not very clear that which of the two silicon valley giants will emerge on top in a contest which highlights the contrast of very different business models.
On May 21st Apple was worth some USD 522 billion, to USD 496 Billion for Alphabet and the two companies have both been hugely profitable in recent years for many reasons and Apple shares have slumped some 30% over the past 12 months over concerns that its shocking growth pace is slowing and that the iPhone will not be able to rake in profits as it has up to now.
The two companies have a virtue duopoly on the Smartphone market but Apple makes its own hardware and software while Google provides only the free Android software for handsets which include many made by low cost manufacturer and Apple has moved to expand its global footprint by declaring plans for a development office in Hyderabad, India and a new app design center at Bangalore.