Apple's Cash to Reach $200 Billion Next Year? [Chart]
Posted June 3, 2012 at 5:56pm by iClarified
Bullish Cross analyst Andy Zaky estimates that Apple's cash and marketable will reach $200 billion by the end of 2013, notes FORTUNE.
If Apple's earnings grow as he expects, the company's holdings -- currently at $110 billion -- will reach $205 billion by September 2013. That's more than the combined market caps of Intel (INTC), Hewlett Packard (HPQ), and Dell (DELL).
Zaky notes that by end of Q4 2013 Apple's cash per share will be nearly 40% of the stocks' current trading value.
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If Apple's earnings grow as he expects, the company's holdings -- currently at $110 billion -- will reach $205 billion by September 2013. That's more than the combined market caps of Intel (INTC), Hewlett Packard (HPQ), and Dell (DELL).
Zaky notes that by end of Q4 2013 Apple's cash per share will be nearly 40% of the stocks' current trading value.
Read More