02 Aug 2019

Google parent Alphabet has dethroned Apple as the world’s cash king after a decade of dominance

After holding the title for more than a decade, Apple has been dethroned as the king of cash by Alphabet.

The Google parent’s holdings of cash and marketable securities, net of debt, topped $117 billion in the most recent quarter, exceeding Apple’s recently reported cash pile of $102 billion, according to the Financial Times, which first reported the shift.

Apple, which had $163 billion in cash on hand in 2017, has been actively trying to reduce its stockpile since it was criticized by the activist investor Carl Icahn six years ago, the report said.

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