Apple could buy out every major phone vendor except Samsung in cash, according to Asymco's Horace Dediu. The analyst expects Apple to have about $70 billion in Cash, Cash Equivalents, Short-term marketable securities and long-term Marketable Securities.
Dediu estimates the enterprise values of the public companies selling 75% of all phones sold world-wide are as follows:
● Nokia $22.6b
● RIM $13.8b
● HTC $25.4b
● Motorola Mobility $4.2b
● Sony Ericsson $0.21b x 14 = $3.0b
● Samsung (Phone Business) $3.76b x 14 = $53b
● LG (Phone Business) $10b
He also notes 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."
Read More [via AppleInsider]
Dediu estimates the enterprise values of the public companies selling 75% of all phones sold world-wide are as follows:
● Nokia $22.6b
● RIM $13.8b
● HTC $25.4b
● Motorola Mobility $4.2b
● Sony Ericsson $0.21b x 14 = $3.0b
● Samsung (Phone Business) $3.76b x 14 = $53b
● LG (Phone Business) $10b
He also notes 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."
Read More [via AppleInsider]