Alphabet ovetakes Apple and becomes king of cash pile

Alphabet, Google’s parent company has become the King of the corporate cash pile after beating Apple the iPhone maker who had this title for the last decade, but reduced its financial reserves by $60bn in the past 18 months.

Apple’s holding of cash and marketable securities, net of debt, has dropped to $102bn, down from a peak of $163bn at the end of 2017, after it came under pressure from activist investor Carl Icahn  to pay out more to shareholders.

Apart from the cash title, obtaining the title of “most valuable company” remains elusive for Alphabet/ Apple was the first to hit the milestone in August 2018 and has now been overtaken by  both Amazon and Microsoft the latter of which is the only company to currently have a market cap above 1 Trillion US dollars.