“We already know that Samsung has a certain level of admiration for Apple,” Evan Niu writes for The Motley Fool. “The South Korean conglomerate has taken everything it’s learned as an Apple supplier and redeployed that knowledge in its own Galaxy lineup to much success. There are numerous examples of Samsung carbon copies.”
Now, “there’s a new way that Samsung is being like Apple, and it’s in a way that’s been a great problem for the Mac maker: Samsung now has too much cash,” Niu writes. “Like Apple, much of this increase is related to smartphone sales; the two companies remain the top two vendors in the world. At the end of the first quarter, Samsung was sitting on $40.1 billion in cash and investments, up from $23.4 billion a year ago. Samsung currently has $11.4 billion in debt on the books, which brings its net cash position down to $28.7 billion.”
Read more in the full article here.
MacDailyNews Note: As of Q113, Apple had $144.7 billion, up from $110.2 billion in Q112.
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There’s a story here?
hahaha i didn’t see one either and hardly any comments too
The story is that samscum would not have that cash pile without copying Apple.
Huh? Why is this a story, and I do think that those earnings are just for Samsungs mobile division, Samsung has divisions ranging from phones to insurance to military hardware
Yes there’s a story here! Samsung is starting to stockpile the money they’re going to be paying Apple in IP fines!
Well, we can hope, right?
I thought the article was going to read that Samsung was going to fake product shortages due to high demand.
Samdung is just selling lots of refrigerators.
Good, then the courts need to award Apple a huge sum when Samsung gets their asses kicked in court!
$40.1 billion? Can some one double check that. Is that a typo? Must be 4.01 billion. I don’t trust this at all.