Speculation of an Apple Acquisition Drives Sony's Stock Price Up
Reuters reports that Sony Corp's stock rose nearly 3 percent on Tuesday due to reports of a possible Apple acquisition of Sony. Speculation about Apple making a major acquisition has been in full force since Apple's latest financial results revealed a cash stockpile of $51 billion. Steve Jobs also hinted that he anticipates using the cash for strategic opportunities in the future:
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.
"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.
Top Rated Comments
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21 months ago
Why would they do that? Apple arguably makes better computers, phones and music players. So whats the benefit? Home entertainment systems, Sony Music? or Games consoles?
I call BS. I don't see the fit.
I call BS. I don't see the fit.
21 months ago
Imagine:
> Apple Bravia TV's
> Apple Walkman
> pink Apple Macbooks :D
> ...
> Apple Bravia TV's
> Apple Walkman
> pink Apple Macbooks :D
> ...
21 months ago
Apple acquiring Sony? And people believe this rumor enough to drive the stock prices up????
I wont believe it even if steve says this himself. I'll just assume he's drunk and talking crap.
I wont believe it even if steve says this himself. I'll just assume he's drunk and talking crap.
21 months ago
this won't happen, at least i don't see any point. why would they need sony? to build what? new playstation, new tv? no need, not at all. sony is in different market, makes too many devices, doesn't fit apple's portfolio at all
21 months ago
Why would they do that? Apple arguably makes better computers, phones and music players. So whats the benefit? Home entertainment systems, Sony Music? or Games consoles?
I call BS. I don't see the fit.
Yep, not to mention that Apple probably can't own a music label after that whole twist with Apple the music label.
I can't imagine Jobs going and looking at the Sony products and keeping any of them either.
21 months ago
It's not about acquisition of what essentially Sony does - although their TV's and the PS3 are certainly something not to be sniffed at. Companies acquire others more out strategic positioning; for example Apple will then be able to position itself better by being able to control the output of Sony. Perhaps making Sony concentrate on TV's and Consoles and closing all other output. Leaving the gap their for Apple to fill with a greater market share, which Sony took. From their, we may begin to see further development of the Sony brand in line with the Apple ethos. Eventually, possibly, removing the Sony brand altogether at a later stage - replaced with a true Apple TV and the rebirth of Apples games console in the shape of the PS4?
So in terms of seeing a fit. There most certainly is one there. More so in fact if you think of where Apple is looking to develop, rather than where it is now. Plus, that it has more to do with control of the market, growing market share for Apple and taking the key developments of Sony, namely their TVs and PS3.
So in terms of seeing a fit. There most certainly is one there. More so in fact if you think of where Apple is looking to develop, rather than where it is now. Plus, that it has more to do with control of the market, growing market share for Apple and taking the key developments of Sony, namely their TVs and PS3.
21 months ago
Apples technology integrated in Sonys home entertainment solutions.
*great*
*great*
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