Market Overview

Apple Has So Much Cash In Reserve It Could Buy 10 Snap Incs, Almost 20 Twitters

Apple Has So Much Cash In Reserve It Could Buy 10 Snap Incs, Almost 20 Twitters

Apple Inc. (NASDAQ: AAPL) revealed in its fiscal second-quarter report it is sitting on more than one-quarter of a trillion dollars in pure hard cash. To be specific, the company is holding $256.8 billion, up more than $10 billion from just the prior quarter.

The problem is $239 billion is held overseas, which would be subject to a hefty 35 percent tax rate if it is brought home, making the prospect of an immediate shopping spree less likely. But, if the White House introduces a one-time tax holiday or reduction, then Apple could bring home hundreds of billions of dollars and put it to use.

Statista compiled a "shopping list" of companies Apple can buy instead of spending tens of billions of dollars in dividend payments and stock buybacks.

As a whole, Apple could enter the social media space by acquiring Twitter Inc (NYSE: TWTR) ($13 billion), Snap Inc (NYSE: SNAP) ($25 billion), ride-sharing platform and major self-driving car player Uber ($68 billion) and tech giant Sony Corp (ADR) (NYSE: SNE) ($43 billion).

Apple would have plenty of cash leftover to buy Airbnb ($31 billion), another major player in the on-demand economy, and satisfy investors hoping for an expansion into media and entertainment by buying out Time Warner Inc (NYSE: TWX) ($77 billion).

Related Links:

Apple Investors Shouldn't Get Carried Away With Hopes For iPhone 8

Gene Munster Talks Apple Growth: 'It's Still All About The iPhone 10'

Posted-In: Airbnb Apple Apple Cash StatistaEarnings News Guidance Media Best of Benzinga


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