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?
Truthfully, Apple isn’t going to think twice about buying any of these competitors. Apart from patents (which Apple has enough of it’s own), what would they gain?
It seems like no brainer to acquire HTC right now. Kinda spendy but I see them become a huge player. Right now it would probably be approved by the powers that be, and I think besides Samsung, pretty much the only threat to continued growth.
Sony and Motorola might as well hang up now
You have to wonder what they’re going to do with all that cash…