Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7379
    -0.0007 (-0.10%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,249.13
    +750.48 (+0.79%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ

    16,379.46
    -20.06 (-0.12%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,425.14
    +257.07 (+0.64%)
     
  • CAD/EUR

    0.6845
    +0.0002 (+0.03%)
     

Apple has enough cash on hand to buy Visa, Cisco or Intel

Apple Cash Analysis
Apple Cash Analysis

Despite concerns about its future growth, Apple (AAPL) is still a cash cow. Benzinga, noting that Apple’s most recent earnings report shows that the company has a whopping $137 billion in cash and cash equivalents, has some fun by making a list of all the companies that Apple could buy just by using the cash it has on hand. Among the top contenders are credit card giant Visa, with a market cap of $106 billion; networking equipment titan Cisco (CSCO), with a $112.13 billion market cap; semiconductor manufacturer Qualcomm (QCOM), with a $110.6 billion market cap; and chip vendor Intel (INTC), with a $104.58 billion market cap. Unfortunately for Apple, Google’s (GOOG) $247 billion market cap puts it out of the company’s range, as does Microsoft’s (MSFT) $233 billion market cap.

[More from BGR: Unlocking your smartphone will be illegal starting next week]


This article was originally published on BGR.com