Wednesday, July 20, 2011

Apple Could Buy Over Goldman Sach With Its $76 billion Cash

With $76 billion cash equivalent, complete bought over of Goldman Sach is not a problem based on the latest quarter report of Apple. Apple reported a $7.31 billion net profit for the quarter. Another record breaking quarter result thanks to the iPad and iPhone sales. Revenue shot up 82 percent to $28.57 billion from $15.7 billion in the year-earlier period.

The Wall Street Journal's Dennis K. Berman on Twitter, "Apple now has $78 billion of cash in the bank*. That's worth more than all of Goldman Sachs, market value $65 billion."

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