Apple’s record-breaking profits, announced last night, have given it even more cash. It now holds $178 billion to spend — enough to buy most of the world’s biggest companies and many of its competitors.
The company now has more cash than the market value of some of its biggest competitors and peers, including Intel and Amazon. Intel is valued at $173.1 billion, and Amazon is worth $143.4 billion.
At their current valuations, Apple could even buy all of Uber, Tesla, Twitter, Netflix, Dropbox, Snapchat, Airbnb and SpaceX, and still have $20 billion left over, Extreme Networks chief marketing officer Vala Afshar pointed out in a tweet last night.
It's so encouraging to see how far Apple has grown even with the death of Steve Jobs, it's still waxing strong. How many Nigeria indigenous companies can grow so well like without their founders?.
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