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.
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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

tylerdurden Member since:
2009-03-17

Indeed. However a hostile take over is not an acquisition.

Nokia is too big of a fish, for apple to just swallow.

Reply Parent Score: 2

pns.sri Member since:
2009-06-20

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

Reply Parent Score: 2