Apple has become a giant in recent years and according to new study by Asymco’s Horace Dediu, Apple can purchase all the major vendors other than Samsung in cash. Experts expects that Apple has around $70 billion in cash, cash Equivalents, Short-term and long-term marketable securities.
Dediu estimates of the net worth of the companies selling 75% of all phones around the globe are as follow:
- 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 states 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.”
We also reported few days earlier that Apple needs around $1.3 billion to run iTunes which is almost half the price of Sony Ericsson net value of $3.0.
