With $70 billion in the till after the end of this quarter, Apple could buy many of its competitors

Apple will have enough cash at the end of this quarter to buy the companies involved in producing 75% of all handsets; the Cupertino based firm will have $70 billion on hand at the end of the month, enough to buy Nokia, RIM, Motorola and HTC and still get back change...
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54 Comments

16. Cloudy unregistered

Why dont they state in this article that Samsung can buy 75% of smartphone competitors along with Apple. THE CASH BALANCE THEY HOVE IS CLOSE TO 140Billion dollars

19. som

Posts: 768; Member since: Nov 10, 2009

FORTUNE 2010 APPLE (rank #75) Sales - $46.71 billions Profits - $9.36 Assets - $54.00 Market Value - $189.51 SAMSUNG ELECTRONICS (rank #55) Sales - $97.28 Profits - $4.43 Assets - $83.30 Market Value - $94.48 Today Apple have $70 billions cash in hand and I cannot find SAMSUNG cash in hand. Is Assets is cash in hand?

22. snowgator

Posts: 3614; Member since: Jan 19, 2011

I do not think so. Investment is something I have just started to learn about so feel free to correct me, but if I understand right, cash in hand is exactly like it sounds- money set aside for a companies use that is not already invested. This large of an amount will usually be secured in some way, but the corporation can have availability to it with only a small transaction fee. Assets are some sort of investment which can be liquidated to allow a cash flow as needed, though not without a penalty or larger fee. I cannot even imagine why a Company would want that much cash in hand. The value of the dollar changes so much, most of the reading I have come across (again, not a lot) states it is better to have the assets and pay the fees as needed. Your profit is protected better. Multibillion dollar companies like Apple and Microsoft seem to be doing okay, though. So who am I to correct them ......

31. 530gemini

Posts: 2198; Member since: Sep 09, 2010

Fortune 2010? Hahahahaha. Use Fortune 2006. That would even put Apple off the list, hahahahahaha.

21. sponmagnet unregistered

there is a miss understanding in this piece of information, Nokia sells more phones than apple, and they,logically, have much more cash accumulated in the banks in the past years. i don't think apple has $70 billion may be it is 7.0 billion and the source miss writen it.

33. 530gemini

Posts: 2198; Member since: Sep 09, 2010

$7B? HAHAHAHAHAHAHAHAHAHAHAHAHAHA. Nokia more money than Apple? HAHAHAHAHAHAHAHAHAHAHA. Thanks for making me laugh so hard. You made my weekend :)

34. 530gemini

Posts: 2198; Member since: Sep 09, 2010

BTW, Nokia has $5.18B cash flow and $6.66B total debt. HahahahahahaTheir total debt is higher than their cash, hahahahahahaha. But yes, Nokia has way more cash than Apple.....in your world, hahahahahahahahaha.

23. Fatcownot unregistered

Just to proof what a fat cash cow all those iPhone owner out there are :P BTW, they forgot to mention Sony Ericsson, LG, Sharp and all those crazy China manufacturers :P

24. nb1148 unregistered

Ya, they could probably buy most of their competitors... but then who would they copy iOS 6 from?

27. atree

Posts: 25; Member since: May 20, 2011

Finance/Accounting major here.... liquid assets do not equal cash. Liquid assets are "easily converted to cash" but that's assuming people by their product, so you would need the inventory turn over ratio and have to know exactly how much of that 50 billion is all devices, however that might not all be devices , it could be bonds and stocks which is more likely. In that case they would faces probably close to 10-15 percent in fees converting 50billion to cash and end up with around 30-40 billion. Also Apple buying out its competition would have to pass in many courts and such. Long story short, its like comparing apples and oranges...

32. 530gemini

Posts: 2198; Member since: Sep 09, 2010

They are not referring to liquid assets. They are referring to actual cash flow of Apple that they can actually spend for their operating expenses. Also, Apple has ZERO debt, while all the others have BILLIONS in debts.

35. snowgator

Posts: 3614; Member since: Jan 19, 2011

For all the critics of Apple out there, Gemini, I have yet to here anyone claim the ain't great business men and women (to be modern age correct, of course.) I have heard ruthless and defensive, but never not great. They are near genius with their cash and investments. No hostile takeover in their future.

36. 530gemini

Posts: 2198; Member since: Sep 09, 2010

Which apparently mean that they are doing something right. So no matter what iHaters out there say about how evil Apple is, their contribution and the good that they have done to the tech industry obviously outweighs it.

39. Sniggly

Posts: 7305; Member since: Dec 05, 2009

No...their practices are anti competitive and only occasionally do they truly innovate. They're very good at destroying anyone who stands in their way, but their lack of ethics makes them distasteful, no matter how much money they have.

49. 530gemini

Posts: 2198; Member since: Sep 09, 2010

What sniggly? Apple is trying to keep the balance and you're saying that they're good at destroying anyone who stands in their way? Lack of ethics? Apple discourages porno and piracy, and has created an ecosystem that developers and artists and writers get paid, and you say that they lack ethics? So what do you call those manufacturers who do not give a hoot about piracy and just allows transferring of media files from one user to another? Highly ethical companies? Oh please. You need to evaluate your morals sniggly.

53. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Did you just insinuate that porn is immoral? Sounds like you're the one who needs to reevaluate your morals.

45. remixfa

Posts: 14605; Member since: Dec 19, 2008

no, they are referring to cash on hand.. not cash flow. you keep confusing terms.

50. 530gemini

Posts: 2198; Member since: Sep 09, 2010

Hahahaha, cash flow is basically cash on hand silly, hahahahaha.

28. henk-jan unregistered

I like the difference between cell phone company's, 1 company will be boring isn't it?

37. ajac09

Posts: 1482; Member since: Sep 30, 2009

always pushing apple. I bet if it was about something other then apple you woudlnt even post it.

46. InspectorGadget80 unregistered

Who gives a DAMN bout APPLE. The only thing iny opinion is APPLE lovers loveers n their fanboys. The only thing thar sells most is their ipods/iphone. They may be the #1 manufacturer but they can never he good as Android phones. Most of their money comes from ipods.

47. iHateCrapple

Posts: 734; Member since: Feb 12, 2010

crApples iPhone makes them so much money because they dont pay d!ck in commissions!

51. applesauce unregistered

BLASPHEMY! Does anyone else remember a bit more than a decade ago when apple was on the verge of extinction and Microsoft and some other companies had to buy most of apple to prevent a Microsoft/Windows monopoly. and now some of those same companies are now in a similar position apple was then? I wonder if any of the then-leadership are wondering "WTF?" nowadays.

54. TyDeL unregistered

"A combination of stock and cash would be more than enough to get a deal done. But alas, it is just a pipe dream because of anti-trust laws." I know this article is from Apple Insider, but even so I'm kind of shocked that even an Apple fan-site would be so obtuse that they refer to the hostile take-over of every competing cell-phone company by Apple to be a "dream."
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