Apple's annual developer conference in San Francisco.
Speculation of an Apple Acquisition Drives Sony's Stock Price Up
"We strongly believe that one or more very strategic opportunities may come along, that we can take, that we're in a unique position to take advantage of because of our strong cash position"Those comments, of course, resulted in analysts generating a long list of potential acquisition targets for Apple including EA, Netflix, Disney, Facebook, Adobe and even Sony. As far as we can tell, there has been no credible source pinpointing any actual intentions from Apple surrounding these companies.
As Apple's cash position grows, there will certainly be more speculation about possible large acquisition targets. One analyst even projects that at their current revenue growth rate, they will hit nearly $90 billion in cash reserves by 2012.