Google's Alphabet Is World¡¯s Most Cash-Rich Company Ahead Of Apple, With $117 Billion In Bank
Googles parent company Alphabet has become the worlds most cash-rich company defeating Apple to a pulp. The Mountain View giant holds $117 billion in Q2 of 2019 in liquid reserves as opposed to $102 billion held by Apple. The presence of liquid money could drive pressure from Alphabet stockholders who would want the brand to share this in the form of dividend with them or in ways of share buybacks.
As of today, Google's parent company Alphabet has become the world's most cash-rich company, defeating Apple to a pulp.
The Mountain View giant holds $117 billion in Q2 of 2019 in liquid reserves, as opposed to $102 billion held by Apple.
Reuters
It's not all good news
While gaining the title of being the most cash-rich company has a nice ring to it, it isn't all good news for Google's Alphabet. The presence of liquid money could drive pressure from Alphabet stockholders who would want the brand to share this in the form of dividend with them, or in ways of share buybacks, according to a Financial Times report.
Moreover, it could also hint the regulators that are on a lookout for Google's success. The brand is already fined with 8.2 billion euro by the EU surrounding the antitrust conundrum. Additionally, the brand is already under strict surveillance by lawmakers in the United States.
Reuters
Apple has gone through a major overhaul in the way it deals with its liquid funds. Since 2017, the liquid fund reserves at Apple have dropped to $61 billion from its highest $163 billion. The Cupertino giant has also been taking benefits of US's tax reforms and sharing funds with its investors. The brand is also seen investing heavily in real-estate for office spaces and data centres across the US.
Apple revealed its quarterly profits for the third fiscal quarter of 2019 yesterday which revealed that there has been a considerable drop in iPhone sales, in fact, less than half of the quarterly revenue. However, Apple saw a considerable increase in response for Apple services and wearable devices, making a decent profit for the previous quarter. Apple forecasted Q3 earnings revenue between $52.5 billion and $54.5 billion. It actually made $53.8 billion revenue and $10.04 billion profit.
