Apple Could Buy the Mobile Phone Industry
The next time you hear someone talking trash about the iPhone or Apple’s future in the mobile world, present this impressive fact: Apple has enough cash that it could buy outright most of it’s hardware competitors in the mobile phone industry.
Yes, as ridiculous as that sounds, Apple could buy most of the industry, that means Apple could pay cash and acquire HTC, Nokia, RIM, LG, Motorola Mobility, and Sony Ericsson, the only remaining competitor in the mobile vendor space would be Samsung, which is worth $53 billion.
This impressive data and graph come from Asymco, who says that it’s entirely feasible that Apple’s $70 billion in cash and liquid assets could soon be worth more than the entire mobile phone industry:
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.
I wonder what Apple’s competitors think about that?