Apple 2.0

Covering the business that Steve Jobs built

How Apple's cash hoard gets to $200 billion by next year

June 1, 2012: 10:59 AM ET

With that, it could buy Intel, HP and Dell and still have change left over

Click to enlarge. Source: Bullish Cross

FORTUNE -- Bullish Cross' Andy Zaky has published his estimates for Apple's (AAPL) projected growth in cash and marketable securities through the end of fiscal 2013.

If Apple's earnings grow as he expects, the company's holdings -- currently at $110 billion -- will reach $205 billion by September 2013. That's more than the combined market caps of Intel (INTC), Hewlett Packard (HPQ) Dell (DELL),

In the annotated chart below the fold, he points out that by the end of fiscal Q4 2013, Apple's cash per share will represent nearly 40% of the stocks' current trading value.

Click to enlarge. Source: Bullish Cross

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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