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.
Do business with 5,000 people
TNW NYC is our New York technology event for anyone interested in helping their company grow.
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.
Apple announces dividend plans and $10 billion share buyback, will spend $45 billion in three years
Apple’s lesson: Domestic cash is nimble, foreign cash is expensive
Apple hits 125 million iCloud users, as iTunes grows to offer 28 million songs and 45,000 movies