Kyle
Apple has had an unprecedented few years on Wall Street. They’ve doubled their valuation three times in as many years. That’s left them with a serious stock pile of cash to the beat of $100 billion (with a b) dollars. Many people are talking about what they are going to do with that cash. The country’s cash wealthiest company is set to announce their plans for that cash tomorrow morning on a conference call.
Some analysts have predicted that Apple may go into acquisition mode. Twitter seems to be one of the most likely acquisitions. Twitter and Apple have aligned themselves tightly over the last year with deep integration into the latest version of iOS and OSX. Recent estimates have put Twitter at a $7 billion dollar valuation, which at this point would be a drop in the bucket for the Cupertino giant.
While he thinks its a possibility, Thenextweb’s Matthew Panzarino does bring up the fact that Apple has never spent more than $390 million dollars for an acquisition. That was the 2011 acquisition of Israeli flash memory manufacturer Anobit.
More after the break
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