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Apple has more cash than most mobile phone manufacturers combined

by Kelly Hodgkins Jun 17th 2011 at 1:45PM

Horace Deidu of Asymco did some number crunching and calculated the enterprise values of the major mobile phone manufacturers, including Apple.

  • Apple $70 billion
  • Nokia $22.6 billion
  • RIM $13.8 billion
  • HTC $25.4 billion
  • Motorola Mobility $4.2 billion
  • Sony Ericsson $3.0 billion
  • Samsung $53 billion
  • LG $10 billion

When all is said and done, Apple has enough cash and liquid assets to buy every phone manufacturer except for Samsung. As companies like Nokia and RIM continue to decline, Apple's cash could increase to the point where it can gobble up Samsung, too. Obviously, regulators would not let this happen, but it's still fun to think about.



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Horace Deidu of Asymco did some number crunching and calculated the enterprise values of the major mobile phone manufacturers,...
 

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Adrian von Gegerfelt

I love Apple and their products.
I hate this article.

Apple is more than just a mobile manufacturer. What's the enterprise value of Apple's mobile division compared to Samsung's mobile division etc.?

Would you compare Sony to Rovio?

June 18 2011 at 9:32 AM Report abuse +1 rate up rate down Reply
Davey M D

This is a silly, "fanboyish" article if I've ever seen one.
If you're going to compare an entire company (Apple) to others, at least include their entire company.

Apple's assets are only $70+ billion. Samsung Group is triple that at $290+ billion.

Now who can Apple buy?

June 17 2011 at 4:15 PM Report abuse +1 rate up rate down Reply
Graham J

I'm as much of an Apple fan as the next guy here but what I see in the graph is Apple charging too much for their products. If they have $70B in cash surely they can lower their prices.

June 17 2011 at 3:03 PM Report abuse -1 rate up rate down Reply
Alun

"calculated the enterprise values of the major mobile phone manufacturers, including Apple."

umm, didn't they he only show Apple's liquid assets, not its enterprise value?

June 17 2011 at 2:23 PM Report abuse +2 rate up rate down Reply
JaL HaE SuH

I don't think Apple can buy Samsung. Perhaps it's mobile division, but Samsung as a whole, no.

June 17 2011 at 2:16 PM Report abuse +2 rate up rate down Reply
1 reply to JaL HaE SuH's comment
Davey M D

That's exactly what I was about to say. They're comparing the entirety of Apple against only the mobile division of Samsung. How asinine is that?

Samsung Group, hell even Samsung Electronics, could gobble up Apple if it wanted by their logic. SMH.

June 17 2011 at 4:12 PM Report abuse +1 rate up rate down Reply
1 reply to Davey M D's comment
Hamish Prior

Yeah, but it's exactly the way so many things seem to go these days. It's like when people compare Android to iPhone and say it's dominating the market. Yes, because Android runs on everything from your phone to like, your wrist watch. It's much more accurate to compare it to iOS to android. iOS and Android are the same, not Android and iPhone. So I totally agree with what you're saying there. It's exactly the same idea.

June 18 2011 at 10:29 PM Report abuse rate up rate down
Edsel

These comparisons are getting kind'a silly.

Next, we'll read that Apple, Inc has more cash/equity/pennies/cudleyUnicorns than the Willy Wonka Candy Company.

June 17 2011 at 2:05 PM Report abuse rate up rate down Reply
Tim Meesseman

Bad headline, guys... there is a big difference between cash on hand and the value of a company. Apple has enough money to actually BUY these companies, not simply outweigh them in cash on hand.

June 17 2011 at 1:50 PM Report abuse rate up rate down Reply
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