Apple’s Next World to Conquer
Apple Inc. faces two dilemmas in the near term – one unhappy, and the other too good to be true. Steve Jobs, the business genius who led the firm to become possibly the most popular firm in the country, maybe the world, announced recently he would take a leave of absence to focus on his health.
Meanwhile Apple (NASDAQ: AAPL), developer of the iPod, iPhone, and iPad, is sitting on a cash hoard estimated to be $50 billion, and that some say will grow to $70 billion by the end of the year.
Apple doesn’t pay dividends or conduct stock buybacks to the ire of its shareholders. Instead there is much talk that Apple should be expanding through acquisition. Rumor has been rife of the companies that Apple could buy to grow to the next level of world domination.
So where should Apple spend its money? In no particular order, here are some ideas.