parent Alphabet became the most cash-rich company in the world during 2019's second quarter, taking
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.
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