Moscow, August 1 — “Vesti. Economy” In the corporate sector there is a new king of cash. For the first time since 2006, the amount of free cache of Google (googl) exceeded cash savings Apple.

At Google, the figure now stands at $107 billion, and Apple $102 billion

Zerohedge

A change leader is to action the Iphone maker to reduce its cash cushion.

About six years ago, activist investor Carl Icahn has amassed a large enough stake in the company and started to impose its leadership certain changes. He encouraged the use of money, not to force them to lie dead weight.

Now Apple minimal with 2011, the volume of the cache. On the high end of 2017, compared to $163 billion

Of course, the “giant Apple” is very much spending on the repurchase of its shares, but even if the company will slow down the pace, it is unlikely she will be able to compete with Google, which generates the cache with unimaginable speed, writes FT.

According to the forecasts of George Salmon, analyst at Hargreaves Lansdown, free cash flow of the company this year will exceed $30 billion, and next year will grow to nearly $40 billion

Google unlike Apple is not very active spends on the purchase of their shares and reward shareholders, and prefers to send money to the conquest of new markets.

Many investors, by the way, not very happy with this policy.

However, it is worth noting, the more money Google gets, the more attention of the authorities attracts the company.

Over the past two years Google in the EU was issued antitrust fines in the amount of 8.2 billion euros. Now, the company has undergone scrutiny in Washington, and it is likely that Google will face a new tax burden.

Financial results [PICTURE] [/PICTURE] holding Google Inc. (USA) owning company Google, in the first half of 2019 increased net profit by 32% compared to the same period of 2018 to $16.6 billion, according to a press release of the holding. Diluted earnings for shares of classes A, B and C rose to $23 and 71 with $of 17.89, the company informed. Revenue grew 18% to $75,283 billion

In the company to 30 June 2019 worked 107,646 thousand.

Google also announced that its Board authorized the repurchase of its ordinary shares class C at $25.0 billion

Google gets most of its sales across the company’s advertising business from Google.

Sale Google ads for the second quarter totaled $32.6 billion, an increase of 16% compared to last year and slightly ahead of consensus expectations of $of 32.58 billion, based on estimates compiled by Bloomberg.

The accelerated growth in advertising sales, Google has helped to dispel concerns about the permanent slowing of the main activity Alphabet. Previously, advertising revenues of Google were down year on year in each quarter starting with the II quarter of 2018.

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