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They don't really have enough money - Comcast has a market cap of $60 BN. Jobs and Cook have been incredibly fiscally conservative - there's absolutely no way
by 2arrs2ells 16y ago
They don't really have enough money - Comcast has a market cap of $60 BN. Jobs and Cook have been incredibly fiscally conservative - there's absolutely no way they'd try to acquire a company this large. If they were going to do this, I think the only way would be to buy a 10-20% stake in Comcast, get a board seat or two, and make it a "strategic partnership."
(That said, I don't think there's any way Apple wants to get anywhere near Comcast's awful customer service reputation.)
- Samuel_Michon 16y agoI doubt Apple would spend it all in one place, but it has more than $60 billion lying around just in cash reserves alone. Also, Apple has a market cap of $300 billion, that dwarfes Comcast's $60 billion. http://www.asymco.com/2011/01/19/20-billionyr-apples-cash-growth-acceleration-suggests-100-billion-next-year/ http://www.asymco.com/2011/01/19/20-billionyr-apples-cash-gr...
- thwarted 16y ago(That said, I don't think there's any way Apple wants to get anywhere near Comcast's awful customer service reputation.) It actually might not be that bad for Apple. There's no place to go but up in terms of Comcast's customer service, and Apple could always present it like it is a serious uphill battle (which it is), so if they don't kick its ass out of the gate, it'll just be one of those things Apple tried but couldn't do. Of course they'd still be left with this huge service albatross if it doesn't work out, and that's where the risk is.
- panacea 16y ago"That said, I don't think there's any way Apple wants to get anywhere near Comcast's awful customer service reputation." Whilst I agree with you, it didn't stop them from partnering with AT&T. So there's that data point.