How will Apple fare in these tough economic times? To be sure, all tech companies experienced difficulties after the dot com bust. I'll never forget Steve Jobs prophetic words - how do we get through this? INVEST!! With billions in the bank, Apple is exactly the kind of company designed to take advantage of times like these. With all that liquidity, they really CAN invest at a time when there are great deals to be had. Lots if brilliant engineers want to be a part of a stable and great company.
I believe Apple will thrive. What's your take?
1 comment:
My prediction, Apple will buy Sprint/Nextel. Apple has about $25 billion in cash. Sprint's market cap is only $8 billion. I am sure that Apple would like to be ready for the next step after the AT&T deal runs out. AT&T is playing both ends of the deck by promoting the new iPhone killer Blackberrys while pushing the iPhone too. How long does this deal with AT&T go on? I would suspect it is only a two year agreement. Apple must have some plan to buy something with all that cash.
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