DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
August 20, 2019 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 149 people online.

 

Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
 

Follow us
RSS
 

Google is now the most cash-rich company in the world

Posted on Tuesday, August 06 2019 @ 11:16:19 CEST by


GOOG
Now that the second-quarter results of most tech giants have rolled in, it's confirmed that Apple is no longer the most cash-rich company in the world. This title now belongs to Google parent Alphabet, which has cash reserves of $117 billion, versus just $102 billion for Apple.

As reported by ARS Technica, this is primarily because Apple has been spending a lot of money on stock repurchases. Apple had $163 billion in cash reserves in 2017 and has spent $122 billion on stock buybacks since the start of 2018. The company also took advantage of the Trump tax cuts to repatriate cash it held overseas.
Virtually every Apple business grew in every region this quarter—except the iPhone Since then, Apple has worked to reduce its liquidity in response to criticisms from investors that the company was hoarding cash. While there is some room for nuance, investors generally want to discourage companies from hoarding cash. Instead, they prefer that the money either be returned to investors in some way or invested in something that may produce a return later.

Apple spent $122 billion on stock buybacks since the beginning of 2018. It also took advantage of a one-time tax incentive to bring overseas cash back into the United States at a reduced tax rate a little over a year ago.




 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba