I remember when Apple Inc. was considered to be on its deathbed and was selling for less than $5 a share in 1997. Then Steve Jobs came back, and today it’s selling for more than $300 a share.
But I didn’t realize the company had gotten this powerful:
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. That figure has been growing predictably.
Also predictable has been the decline in value of Apple’s mobile phone competitors. Most spectacularly Nokia and RIM. …
Given the current valuations, it would not be difficult for Apple to acquire every phone vendor except for Samsung with cash alone.
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.
Apple can by the phone industry. And the company is now so enormous, it doesn’t even have to, because the iPhone is doing well enough on its own.
This is why I’ll never be rich. I don’t see these stock buying opportunities when they’re just lying there for anyone to grab.
- Asymco: Apple could buy the mobile phone industry (tech.fortune.cnn.com)
- Apple could buy lion’s share of mobile rivals in cash estimate analysts (slashgear.com)
- Apple could buy the mobile phone industry (asymco.com)
- Apple Is Rich Enough To Buy Every Other Phone Maker (Except Samsung) (AAPL) (businessinsider.com)
- THE APPLE INVESTOR: Mac Sales Off To A Slow Start In The Quarter, Could Make It Up In June (AAPL) (businessinsider.com)
- Apple’s $136.8 Billion Question (fool.com)