$70 Billion in Cash has Apple Analysts Wondering

June 19th, 2011 · 7 notes · #apple #company #steve #jobs #70 #billion #cash

Horace Dediu of asymco has put together a report that claims Apple is on track to have more than $70 billion in liquid assets by the end of the current fiscal quarter, which will conclude when July begins. To put that cash amount in perspective, Dediu points out that it is enough to buy Nokia, RIM, HTC, and Motorola.

Apple could also buy Samsung ($53B), LG ($10B) 10 times, and Sony Ericsson ($3B) 23 times. ”As market values of phone vendors continue to decline, Apple’s cash will continue to grow dramatically,” Dediu, a Harvard Business School graduate and previous business developer manager at Nokia, wrote, “…a time may soon come when Apple’s cash will be worth more than the entire phone industry.” Another report from Dediu this past February showed that the gap between Apple’s lead in the market and other competitors is continuing to widen. 

You can read more from Horace Dediu at his online publication, asymco.