Yesterday's fiscal third-quarter earnings report from Apple revealed that for the first time since 2012, the iPhone accounted for less than 50% of the company's total revenue. Now Apple has grown as a company over the seven years from 2012 to 2019, so the fact that the iPhone no longer accounts for the majority of its business might not be the end of the world. But what might be somewhat interesting for some Apple investors is the big news that for the first time in over a decade, the tech giant is no longer the king of cash.
According to the Financial Times, Google ...
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