Google impressed Wall Street with revenue above $18 billion, sending shares up slightly in afterhours trading.
The company this month unveiled a new phone, Pixel, as well as a virtual reality headset, Daydream. It’s also stepping deeper into smart homes with Google Home, Google Wifi, and Chromecast Ultra.
The company’s stock is now trading at an all-time high. The market value of Alphabet now sits at $550 billion. This is getting closer and closer to Apple’s market value, which is $600 billion.
Not all of Alphabet’s subsidiaries are faring well though. Fiber just lost its CEO and is halting progress in several cities.