“Let’s think out of the box. Apple is sitting on about $100-billion in cash. The company’s revenue and profits are growing at an astounding rate. In recent years Apple has spent more money acquiring patents than on research and development. After all, compared to smartphone, computer, or tablet competitors, Apple doesn’t have many products,” Kate MacKenzie writes fro PixoBebo.
“What Apple has are plenty of lawsuits, both offensive and defensive,” MacKenzie writes. “The company has spent billions already on patents to protect the newly forged iPhone and iPad money machine, so what’s a few billion more to a company that has $100-billion sitting around and not doing much but avoiding taxes and collecting minute amounts of interest?”
MacKenzie writes, “What if Apple bought Nokia? Tristan Lewis posed the thought not as a question but as a statement. The implications of such a purchase are staggering, and could lead to a thermonuclear war in the technology industry… Google’s Eric Schmidt would have a cow on live TV if Apple were to acquire Nokia and strip Google of the all important mapping data. Do you know who else would join Schmidt on TV and deliver a cow of his own (probably simultaneously)? Microsoft CEO Steve Ballmer.”
Read more in the full article here.
Why Apple should buy beleaguered Nokia – October 7, 2012