With over $110 billion in cash, the Cupertino giant could theoretically buy three major rivals and still have change left to go shopping for a new handbag or two.
We know that’s not how it actually works, but it helps to put the size of Apple’s gargantuan amount of cash into some perspective.
A new era of tech events has begun
We’re back in New York this November for the 4th edition of our growth-focused technology event.
Apple could (again, theoretically) pick up all of Amazon, Nokia and Research In Motion with its mountain of cash, looking at current market capitalizations.
Amazon.com = market cap of $86.6 billion
Nokia = market cap of $13.59 billion
Research In Motion = market cap of $6.85 billion
That totals roughly $107 billion, still $3 billion short of the cash Apple currently has on hand (its market cap is roughly $522 billion). How mind-blowing is that?
Wait a few days, and maybe they’ll be able to bail out Netflix while they’re at it, too.
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