Google's parent company's alphabet has surpassed Apple to become the company with the most cash, according to Business Insider.

The media said, "Apple, who has been holding the title 'Cash King' for more than a decade, withdrew from the throne by the alphabet."

Google reported that its cash and securities holdings in the second quarter surpassed $ 117 billion, or 138.5 trillion won.

That's far more than Apple's $ 120 billion in cash reserves for the second quarter of the year.

Apple has once held cash of about $ 163 billion, but has been actively trying to reduce it in recent years.

Six years ago, investor pressures began when activist investor Carl Icahn began criticizing Apple for its massive reserves.

Most investors prefer to buy treasury shares or distribute dividends to shareholders rather than hold large liquid assets.

Apple has been paying dividends for 18 months.

Research and development (R & D) budgets have also risen to 15 percent of the highest sales in 18 years.

The alphabet, on the other hand, has been used to open up new markets by increasing cash reserves.

Alphabet also spent $ 25 billion (about 29.6 trillion won) on real estate purchases to build several Google offices in New York last year or to build a data center.

The alphabet has spent little money on treasury stocks in the meantime, but this practice may change soon, Business Insider said.

The board of directors of the Alphabet has recently approved the addition of $ 25 billion to share buybacks.

This year, the alphabet secured $ 37.5 billion in financing for the purchase of treasury stock.

(Yonhap News, photo = Getty Images Korea)