Apple has been, undoubtedly, the most wildly successful tech company in recent times. This is true in terms of sales, in terms of revenue as well as in terms of popularity and fan-following. Apple has truly become a life-style for millions who can’t live without Apple products. And the company’s fortunes only seem to be rising further.
Apple currently has a massive hoard of cash in its hands. The company has $110 billion and his being valued somewhere near $500 billion, making it one of the most valuable companies in the world right now.
However, Apple’s journey is now slowing down neither is there an end in sight. The demand for iOS devices is still wild and is only increasing. And Apple is continuously churning out newer releases to meet this demand. Every new quarter means Apple’s sales are increased by millions of dollars, and so does its profits.
At this rate, it is not surprising when Andy Zaky, who is analyst with Bullish Cross, projects Apple’s growth in terms of cash and securities quite ambitiously. According to Zaky’s projected estimates, Apple will be able to amass a whopping $205 billion in cash by the end of September 2013.
Interestingly, once Apple reaches that mark, it would have so many cash that Intel, HP and Dell combined wouldn’t be able to pit against it.
Source: Bullish Cross