Apple’s war chest approaches $300 billion; acquisition talk ramps up

“Sitting on $200 billion in cash and eager to fill gaps in its product line, Apple may find it irresistible not to snap up a company or two, say analysts, mindful of Apple’s war chest,” Jon Swartz reports for USA Today. “There are plenty of candidates, says Daniel Ives, an analyst at FBR Capital. He foresees a ‘Christmas M&A list’ that includes GoPro, Box, Adobe and Tesla Motors.”

“Ives readily admits the report is highly speculative, but he does raise a point: ‘Apple needs to double-down on the enterprise, and it is in prime financial shape to do it,’ he says,” Swartz reports. “‘With so much cash in the coffers, and growing, we can finally envision Apple making a large acquisition’ to ‘building out new technology growth’ for the next decade, Ives said in an interview. By the end of 2016, Ives estimates Apple will have $250 billion to $300 billion in cash.”

“Apple has shown a predilection to purchase under-the-radar ‘value’ companies that specialize in advanced user interfaces that range in cost from tens of millions of dollars… Those acquisitions could be termed acqui-hires — something Apple has done to excess in poaching engineers and designers from Mercedes-Benz, General Motors and Ford Motor to work on its rumored car project, code-named Project Titan. Apple has also raided electric car maker Tesla for workers, dangling steep salaries with generous bonuses, according to a report in AppleInsider,” Swartz reports. “”

Full article here.

MacDailyNews Take: For some perspective, $300 billion can buy you Disney with $112 billion left over.

27 Comments

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