What will Apple spend their billions on?

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A topic from Technology: Apple

zerocrop2000Thu 28/10/10 13:38

So it turns out that Apple have a MASSIVE $31Billion in CASH sitting in their bank account.

This is an enormous amount of money for a company to be sitting on, especially when most companies are technically in permanent debt.

It's causing furious activity in Wall Street, trying to figure out what they are going to do with it. It's most likely they will buy another company, but who?

With $31bn they could buy Facebook or Ebay, but what would that add to Apple's business. They could buy Yahoo and have $15bn left. They can't afford Microsoft yet, nor Google.

Just today, Spotify have had to issue a press release denying that they are selling to Apple. It's very likely that Apple are planning a sort of cloud-iTunes, but why would they need to buy Spotify to do this? They could just do it themselves.

The rumours about Apple buying Adobe have circulated for years, and may make a good fit.

Or maybe they will make a bid for a media company, a record company or a movie studio, like Sony did. So that they too can be involved in both the production of the media and the devices it is played on.

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