Apple or Samsung: Qualcomm Has $12.4 Billion Cash On HandNovember 16, 2012 2:15 pm
For this firm, It really does not matter if you are Android or iOS, Apple or Samsung or whatever – mobile phones sell, they make money – and tonnes of it. We spotted this stat today, that Qualcomm has a no-debt, cash on hand situation, to the tune of 12.4 billion. Apple has about 29 billion, for comparison (Source)
How do we digest this particular stat? Let us try this: if the firm is a component provider for any of the smartphone biggies, it should be sitting on tonnes of cash, in general. Unless it is a three letter firm whose name starts with A and ends with a D.