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Mobile Syrup

Google’s parent company Alphabet earned $200 billion in annual revenue in 2021

Like most tech giants, Google’s parent company Alphabet seems to have faired very well amid the ongoing COVID-19 pandemic.

The tech giant experienced 41 percent year-over-year growth to $257 billion USD (roughly $325 billion CAD), marking the first time Alphabet has surpassed the $200 billion USD mark (about $253 billion CAD). For context, Google earned $183 billion USD (roughly $232 billion CAD) in 2020.

In the fourth quarter, specifically, Google earned $75.3 billion USD (roughly $95 billion CAD), a 32 percent increase over the same period last year.

“Q4 saw ongoing strong growth in our advertising business, which helped millions of businesses thrive and find new customers, a quarterly sales record for our Pixel phones despite supply constraints, and our Cloud business continuing to grow strongly,” said Alphabet and Google CEO Sundar Pichai in a press release accompanying Alphabet’s earnings report. statement.

Google doesn’t break out its consumer devices like Pixel smartphones and Nest smart home devices into their own categories in its earnings reports, instead opting to lump them into its overall revenue.

However, YouTube earned $8.63 billion USD (about $10.9 billion CAD) and Cloud took home $5.54 billion USD (roughly $7 billion CAD). Alphabet’s ‘Other Bets’ division, which includes its automotive efforts under the Waymo brand, earned $181 million USD (about $229.6 million CAD) in revenue.

Source: Google 

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Mobile Syrup

Apple is now the most valuable company in the world

Barcelona, Spain – June 7, 2018: Logo of Apple Inc. on a Apple store. Apple is the multinational technology company headquartered in Cupertino, California and sells consumer electronics products.

Apple started the year right with a stock market high on the first day of trading for 2022.

According to Reuters, the stock market value for Apple hit $3 trillion USD (roughly $3.8 trillion CAD), making it the first company to ever do so.

Shares hit a high of $182.88 USD (roughly $232 CAD). The $3 trillion milestone didn’t last long, as shares dropped to $182.01 (roughly $231 CAD) and the company closed the day with $2.99 trillion USD.

The article notes the company’s shares have risen 5,800 percent since Steve Jobs revealed the first iPhone in 2007. Investors are speculating Apple’s value will continue growing, as the company launches new products, and perhaps even enter new markets, such as automated vehicles.

Prior to reaching the new milestone, Apple was only one of two companies that had a value of $2 trillion USD. The other was Microsoft, which now has a value of $2.5 trillion.

Alphabet (the parent company of Google), Amazon, and Tesla are valued at more than $1 trillion USD.

Image source: ShutterStock

Source: Reuters

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Children benefit from more time in preschool

Children benefit from spending more time in preschool, and that benefit would be increased if the programs focussed more on certain skills, reports a new study in the journal Early Childhood Research Quarterly.

According to researchers at Michigan State University, preschool programs help children acquire valuable literacy skills, especially when the children attend preschool for two years, instead of just one. The researchers felt, however, that the schools could do a better job teaching other important aspects, like vocabulary skills and self-control.

"In terms of kindergarten preparation, I believe preschool does a very good job in certain areas in promoting children’s skill sets. But it might do a better job if there was also explicit attention directed at building children’s self-regulation and vocabulary skills," explained Lori Skibbe, one of the study’s authors.

Tough economic times have governments thinking of cutting back on publicly-funded preschool programs. Skibbe and her co-authors, on the other hand, are recommending that the programs be expanded instead.

"Children should be spending more time in preschool, not less, because the results appear to be cumulative. Children who spent two years in preschool, for example, did better in literacy," she explained.