The cycle of ascent and decline in the residential brokerage industry mirrors historical patterns where dominant firms face significant challenges from emerging competitors and new business models.
Alphabet's market capitalization was once greater than Apple's, notably last on January 29, 2019, but as of now, Alphabet lags significantly with its valuation. While Alphabet is valued at $1.97 trillion, iPhone maker Apple boasts a robust $3.3 trillion market cap, showcasing Apple's dominance as the world's most valuable publicly traded company, with Alphabet trailing behind in fourth position. This disparity raises the question: Can Alphabet close the gap and reclaim its former status by 2025?
