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

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.

Source:
Benzinga
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