Apple will soon have enough cash to buy almost all their competitors

When Apple next announces their financial results, they should have close to $70 billion in the bank, which according to Asymco will be enough to buy all their manufacturing competitors with the exception of Samsung. That includes HTC, Nokia, RIM, LG, Motorola, and Sony Ericsson. (Google and Microsoft aren’t manufacturers, they’re platform vendors.)

The more remarkable thing is that as market values of phone vendors continue to decline, Apple’s cash will continue to grow dramatically. Indeed, a time may soon come when Apple’s cash will be worth more than the entire phone industry.

I’ll say it again — North Carolina isn’t a data center, it’s a money bin.

[Asymco]