Linked by Thom Holwerda on Fri 29th Jan 2010 22:42 UTC
PDAs, Cellphones, Wireless During the iPad presentation, I was rather perplexed by Apple's claim to be the largest mobile device company in the world. Apparently, I wasn't the only one scratching his head, as Nokia itself, and even the Financial Times, is calling Apple out on its juggling with figures and definitions.
Thread beginning with comment 406790
To read all comments associated with this story, please click here.
tyrione
Member since:
2005-11-21

Apple P/E: 18.74
Nokia P/E: 70.00

The cash Apple has on-hand can make a hostile take over, take all of their IP and auction off what they don't want.

Reply Score: -9

tylerdurden Member since:
2009-03-17

Dude, do you even understand what those P/E ratios listed are saying? Without proper context, P/E ratios are fairly meaningless.

Furthermore, Nokia has a market cap of over $50 billion, and fairly large assets. There is no way Apple has cash in hand for a buyout, not even close.

Reply Parent Score: 6

Stratoukos Member since:
2009-02-11

Apple said in October that they have $34 billion in cash. So if we assume that they didn't suddenly lose $10 billion they can technically make a hostile takeover of Nokia, since they actually need only 50% of the shares. Of course, as you said, P/E is completely irrelevant to this.

Reply Parent Score: 1

pns.sri Member since:
2009-06-20

Only problem is neither US govt nor European govt will allow it ;)

Reply Parent Score: 2

KAMiKAZOW Member since:
2005-07-06

Apple P/E: 18.74
Nokia P/E: 70.00

The cash Apple has on-hand can make a hostile take over, take all of their IP and auction off what they don't want.

Apple doesn't do big acquisitions. Never has and has no need to do in the foreseeable future.
Apple's biggest acquisition was NeXT for $429 million.

Reply Parent Score: 2

tyrione Member since:
2005-11-21

"Apple P/E: 18.74
Nokia P/E: 70.00

The cash Apple has on-hand can make a hostile take over, take all of their IP and auction off what they don't want.

Apple doesn't do big acquisitions. Never has and has no need to do in the foreseeable future.
Apple's biggest acquisition was NeXT for $429 million.
"

Thanks genius. I worked at NeXT and Apple. I said it off-the-cuff to show if Apple wanted to part out Nokia it could and make a pretty penny doing it.

Reply Parent Score: 1

segedunum Member since:
2005-07-06

What a load of Apple fanboy shit.

Reply Parent Score: 3