Alphabet Now Has More Cash Than Apple

Alphabet has overtaken Apple to become the most cash rich company in the world, reports the Financial Times.

Apple has held the 'king of cash' title for the past decade; however, it's been significantly decreasing its cash hoard for a couple years. The company's net holdings of cash and marketable securities have now been reduced to $102 billion, down from a peak of $163 billion in 2017.

Meanwhile, Alphabet's financial reserves have been climbing. It now has a $117 billion cash pile. The increase comes despite $25 billion in capital spending last year, up from $13 billion in 2017.





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