So, in terms of the strength of their competitive moats in their core businesses, Google has the edge over Apple.
Over the past 12 months, Apple and generated more than $46 billion in net income, while Alphabet earned over $19 billion.
Over the past half-decade, Google (now Alphabet) has generated about 30% more growth in earnings per share than Apple.
So, in terms of growth -- both recent past and future -- Alphabet is the clear leader.
Apple has increased its quarterly cash dividend payment by more than 10% annually over the last three years, and with an earnings payout ratio of less than 30%, shareholders should expect that trend to continue.