Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Google-owner Alphabet passes Apple once again to become the most valuable company in the world

JILLIAN D'ONFROMay 12, 2016, 20:30 IST

Getty Images

Alphabet, Google's parent company, is once again the most valuable company in the world, overtaking Apple.

Apple's market capitalization is down to $493 billion, while Alphabet's current market cap is $498 billion, both via Yahoo Finance.

Apple's stock was down Thursday morning on reports of a drop in iPhone chip shipments.

Alphabet had already surpassed Apple briefly earlier this year.

NOW WATCH: Google created a virtual reality paint brush lets you walk through your own artwork

Please enable Javascript to watch this video