“The second quarter ends in less than two weeks. When it does, I expect Apple will have over $70 billion in Cash, Cash Equivalents, Short-term marketable securities and long-term Marketable Securities,” Horace Dediu reports for asymco.
“Given the current valuations, it would not be difficult for Apple to acquire every phone vendor except for Samsung with cash alone,” Dediu reports. “The more remarkable thing is that as market values of phone vendors continue to decline, Apple’s cash will continue to grow dramatically. Indeed, a time may soon come when Apple’s cash will be worth more than the entire phone industry.”
More in the full article, including values of mobile phone companies, here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]