In a mouth-dropping report, Asymco states that Apple would be able to buy the entire mobile phone industry – in cash.

Nokia, RIM, HTC, LG, Motorola and Sony Ericsson could all be bought with Apple’s treasure trove of $70 billion in available funds. Apple’s profits are expected to continue in growth, while most handset makers are suffering from a decline in profits.

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

These numbers exclude Samsung, who is valued at $53 billion and is currently in a heated series of lawsuits with Apple. Asymco is optimistic about Apple’s cash holdings in the future, and there may very well come a day when even Samsung’s $53 billion doesn’t put a dent in Apple’s stockpile.

The previous mobile phone heavyweight, Nokia, has experienced an intense drop in profit since Apple introduced the iPhone in 2007. Nokia has gone from $3.5 billion in profits per quarter to $1.3 billion and less.

“Given the current valuations, it would not be difficult for Apple to acquire every phone vendor except for Samsung with cash alone.

The more remarkable thing is 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.”

Apple has continued to experience incredible business growth year after year, thanks to the success of its retail stores and iPhone/iPad sales worldwide. Kudos, Apple.

[AppleInsider]

  • Burge

    You think I could ask for a lone …lol…

  • QuarterSwede

    Alright Apple. It’s time to invest in R&D of warp engines and build a starship. Let’s get off this rock and really do some exploring.

  • soccerkrzy

    Samsung and Apple are in far more markets than just telephones, these numbers are very misleading.

    • It’s funny with Apple they include everything but for Sony only their ericson division. If you were to put Sonys real worth including Sony pictures, Sony music group and all their electronics including bravias and playstation you could say the same thing about them. This is just a really slanted article

  • Mcsteven

    @ Soccrkrzy: They never said they’re not in other markets. That’s a given, we know Apple make computers and what not. It’s just a statement that they could buy out these dwindling fools.
    I think they should buy out a couple. Keep their named intact and rake the profits…

    • Nick

      Your an idiot.

      • vik071

        And you don’t know how to spell.

  • Ocean

    Lol how misleading article !!!

  • It does say mobile industry does it not people???

  • Stark

    Apple Has Enough Cash to Buy Mobile Phone Industry? how? apple = 70b others = 132b? and in cash u say?

    • Josh

      It said: all mobile companies BUT Samsung.

  • anon

    Horrible title.

  • Sangha

    Apple should buy RIM. Atleast then well have BBM and iMessages mixed…….Think of it as Apple’s WhatsApp

  • msxy

    wow wow wow wait a second Alex what a title. if i was u i will never put such title Buy Mobile Phone Industry ??????? microsoft will never accepte imagine how much they got skype , Nokia !!!! you are joking aren’t u ? The best in mobile phone industry.

    and loll imagine if it there is just apple in mobile phone industry no body then could stop them . and they could rise prices as they wish :p 3000 $ oh my god

  • msxy

    i am with Sangha
    RIM is a new company and every day they are falling. i hate RIM

  • Ernesto Castellanos

    Apple cannot buy more than a couple companies… If they do, they can be sued for starting a monopoly.

    • Sangha

      Dude seriously we r just talking about money that aqpple has and not actually stting that apple will buy these companies.

      • Sangha

        * apple

    • Josh

      Oh. So monopolies are illegal now? And YES, IT CAN.

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