Apple's cash is expected to top $70 billion at the conclusion of its current fiscal quarter, a sum so massive it could buy out rivals Nokia, Research in Motion, HTC and Motorola Mobility, according to a new analysis.
As market values of phone vendors continue to decline, Apple's cash will continue to grow dramatically. A time may soon come when Apple's cash will be worth more than the entire phone industry.
Apple lead has steadily grown. This lead over the top mobile phone vendors continues to widen. Since the iPhone appeared, Nokia's profits dropped from an industry-leading $3.5 billion per quarter to $1.3 billion or less. In the last quarter alone, Apple sold 18.65 million iPhones, a record for the company, with sales growing 113 percent year over year. And even with what was said this January to be a 4 percent share of total mobile phone units sold, Apple takes in more than half of the mobile industry's profits.
As market values of phone vendors continue to decline, Apple's cash will continue to grow dramatically. A time may soon come when Apple's cash will be worth more than the entire phone industry.
Apple lead has steadily grown. This lead over the top mobile phone vendors continues to widen. Since the iPhone appeared, Nokia's profits dropped from an industry-leading $3.5 billion per quarter to $1.3 billion or less. In the last quarter alone, Apple sold 18.65 million iPhones, a record for the company, with sales growing 113 percent year over year. And even with what was said this January to be a 4 percent share of total mobile phone units sold, Apple takes in more than half of the mobile industry's profits.
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