Apple Could Acquire Nokia, RIM, HTC, Motorola With Cash

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]