!["Two or three years ago mobile was a big head wind for Google. There were concerns that it [had] a negative impact on its desktop business, but as mobile takes over for more searches, mobile ads are becoming closer in value to the desktop ads." "It looks like Google continues to execute on mobile [advertising]," said Neil Doshi managing director of research at Mizuho Securities. On an annual basis, Alphabet made $16.3bn but the figures show that the "Other Bets" business lost $3.6bn during the period, while Google's operating income rose to $23.4bn, as online advertising increased. That means that Alphabet is now worth around $568bn, compared with Apple, which has a value of $535bn. The announcement sent its share price up as much as 9% in after-hours trading. The company made a profit of $4.9bn (£3.4bn) for the fourth quarter, an increase from $4.7bn a year ago.](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTGxcUl8e68HA2FhMxP48LEVa_lgxWgm6fMdl5_Kr58PsU1yUQ77ZyxVC_M5XD5WWayF0pPX73PLIOz8dl92anDvGxxbk5GINczx3Z7EZUcj-girNeID1VJmqo8l7Pvy4SjMObGYf_n1Q/s1600/Screenshot_34.png "Google")
"Two or three years ago mobile was a big head wind for Google. There were concerns that it a negative impact on its desktop business, but as mobile takes over for more searches, mobile ads are becoming closer in value to the desktop ads." "It looks like Google continues to execute on mobile [advertising]," said Neil Doshi managing director of research at Mizuho Securities. On an annual basis, Alphabet made $16.3bn but the figures show that the "Other Bets" business lost $3.6bn during the period, while Google's operating income rose to $23.4bn, as online advertising increased.
That means that Alphabet is now worth around $568bn, compared with Apple, which has a value of $535bn. The announcement sent its share price up as much as 9% in after-hours trading. The company made a profit of $4.9bn (£3.4bn) for the fourth quarter, an increase from $4.7bn a year ago.
That means that Alphabet is now worth around $568bn, compared with Apple, which has a value of $535bn. The announcement sent its share price up as much as 9% in after-hours trading. The company made a profit of $4.9bn (£3.4bn) for the fourth quarter, an increase from $4.7bn a year ago.