Google parent Alphabet overtakes Apple to become worlds most cashrich company

first_img Tech Industry Aug 31 • Verizon vs AT&T vs T-Mobile vs Sprint: Choose the best 5G carrier Google spills the beans on the Pixel 4 Alphabet’s financial success comes during a controversial era for the company. It faces antitrust scrutiny, protests from employees and questions about it handles YouTube extremists and its projects in China. However, it still hasn’t held the title of “world’s most valuable company.” Apple took that crown last August as it became a trillion-dollar company, but it’s been overtaken by Amazon and Microsoft in the months since.Neither Alphabet nor Apple immediately responded to requests for comment. 1 See All 17 Photos The growing crowd of smart speakers is ready for your command Alphabet has a whole lot of cash in reserve. Jaap Arriens/NurPhoto via Getty Images Google parent Alphabet became the most cash-rich company in the world during 2019’s second quarter, taking Apple’s long-held crown, according to the Financial Times. Alphabet apparently has $117 billion in cash, while Apple has $102 billion.Its liquid reserves have risen by almost $20 billion since the end of 2017, while Apple’s fell from a peak of $163 billion, the Financial Times noted. The report comes a week after Alphabet beat analyst estimates by reporting $38.94 billion in sales for the quarter ended June 30.  Tags Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors reading • Google parent Alphabet overtakes Apple to become world’s most cash-rich company Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? 7:21 Now playing: Watch this: Share your voice • Comment Apple Aug 31 • Your phone screen is gross. Here’s how to clean it Amazon Google Microsoft Apple Alphabet Inc.last_img