Click to Skip Ad
Closing in...

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

Published Jan 25th, 2013 10:35PM EST
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.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.