For the first time in a decade,Watch Private Gladiator 3 (2002) Apple is not the world leader in terms of how much cash it has on hand.
The baton has passed to Google parent company Alphabet, which now has $117 billion net cash, compared to Apple's $102 billion, the Financial Times reported Thursday.
This does not mean Alphabet has been doing vastly better than Apple; it's more a matter of different strategies between the companies. Apple, which in 2017 held a record $163 billion, has been reducing its cash mound on purpose, starting with the introduction of a tax reform that year which made it easier for multinational giant corporations to repatriate the cash they had overseas. The company used some of the money on stock buybacks and dividends, effectively reducing its cash position.
Alphabet has been doing something similar but to a far lesser extent, and not all of its shareholders have been too happy about it. The FT says Alphabet has added $25 billion to its stock buyback program last week, which should help alleviate some pressure from the shareholders, though one analyst FT spoke with says this won't be enough to actually reduce the company's cash reserves.
SEE ALSO: 'Where is the CEO?' Google's founder skips shareholder meeting amid protestsFurthermore, Alphabet's title of the most cash-rich company is hardly ideal given the company has paid 8.2 billion euros worth of antitrust fines in the European Union in the past two years.
Note that there are different ways to measure how much cash a company has; the FT looks at cash minus debt, but Bloomberg, for example, typically reports on cash total, which is a far bigger number. By that measure, Apple's mountain of cash was as high as $285 billion in December 2017.
Topics Apple
Previous：Bafflersplainer: Win the Future
Juneteenth, From Atlanta to Oakland
The ending of 'You' Season 4 explained
Here’s why this massive horror subreddit has shut down for a week
Michael Jordan joked about his crying meme during speech about Kobe
Far Cry 5 Benchmarked: 50 GPUs Tested
'Everything Everywhere All at Once' wins the Academy Award for Best Picture
Twitter mourns the death of Trader Joe's creator Joe Coulombe
Tati Gabrielle shares what it's actually like being in Joe's box
What Comes After Resistance?
World Health Organization is using TikTok to dispel coronavirus rumors
What Comes After Resistance?
Six Nations livestream: How to watch Italy vs Wales from abroad
Who are you supposed to sing 'Happy Birthday' to when washing your hands?
'The Last of Us' finale finally explains why Ellie is immune
Sméagol in the Sky
The best gifts for the gamer who travels
What we can learn from books about deadly pandemics like 'The Stand'
'Quordle' today: See each 'Quordle' answer and hints for March 11
Bafflersplainer: Win the Future
Say goodbye to Reddit's Clubhouse clone
Where to stream 'Yellowjackets' Season 2 for freePornhub launches 'Cleanest Porn Ever' campaign to fight coronavirus pandemicTwitter failed to scare legacy verified accounts into paying for Twitter Blue'Beau Is Afraid' review: Ari Aster delivers a brilliant, 3'Quordle' today: See each 'Quordle' answer and hints for April 8Who is the wonderfully gloomy blue star in 'The Super Mario Bros. Movie'?Twitter redirecting Substack searches to newslettersLogan Roy is dead: Here's how 'Succession' handled it.Apple’s macOS has a hidden Bitcoin easter eggImpact play: everything to know about the BDSM practiceCreate a recipe book on Instagram by saving posts to collections'Wordle' today: Here's the answer, hints for April 11Kid's viral song about buttholes is honestly a bopGoogle will incorporate generative AI into its search engineTom Hanks shares photo of his plasma donation for coronavirus researchNetflix's 'Beef': Ali Wong breaks down Amy's moving therapy sceneTom Hanks shares photo of his plasma donation for coronavirus researchSamsung ChatGPT leak: Samsung workers accidentally leak trade secrets to the AI chatbotThe Obamas, Beyoncé, and more will speak at YouTube's virtual graduation ceremonyPornhub launches 'Cleanest Porn Ever' campaign to fight coronavirus pandemic Chinese battery maker Gotion sets targets to boost overseas shipments in 2027 · TechNode Stellantis Xiaohongshu clarifies no immediate plans for going public · TechNode China's chip imports decline by 15.4% y China’s Baidu announces that 100 million users have used its AI chatbot · TechNode Surveillance camera sales in Chinese online market surge 14.4% y OnePlus unveils first mid Chinese video site Bilibili declares “Ah?” its word of the year 2023 · TechNode Chinese robot startup AGIBOT completes $85 million financing round: report · TechNode Xiaomi unveils customized editions of Xiaomi 14 and 14 Pro in sync with SU7 car · TechNode Douyin reports 256% growth in sales from local life services · TechNode China’s Dongfeng starts pre Chinese bubble tea chain Heytea enters America · TechNode China aims to boost the gaming market after new gaming rules hit Tencent and NetEase · TechNode Honda’s China joint venture lays off 900 contract workers · TechNode JD Logistics upgrades “next China raises threshold on tax Foxconn expands its server assembly business in Mexico with $10 million investment · TechNode Temu launches new legal fight against Shein in the US · TechNode Beijing unveils blueprint to boost energy load shifting from EV charging · TechNode
3.0446s , 10106.578125 kb
Copyright © 2025 Powered by 【Watch Private Gladiator 3 (2002)】,Co-creation Information Network