Apple's Total Cash Reserves Could Buy Nearly Every Major Sports Team on the Planet

Discussion in 'Android News' started by dgstorm, Nov 4, 2015.

  1. dgstorm

    dgstorm Editor in Chief
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    Off topic news of the day!

    Last week Apple's earnings report was revealed. Unsurprisingly, they had a monster quarter, posting $51.5 billion in revenue and snatching up a quarterly profit of $11.1 billion. This gives the company a new cash reserve of $206 Billion US Dollars. The folks at BGR put together a fun little analysis which concludes that Apple could actually afford to buy almost every "major" sports team in the world, and still have money left over!

    Here's their breakdown:
    • 32 United States NFL Football teams = $37.2 billion
    • 29 United States NBA Basketball teams = $32 billion
    • 30 United States Major League Baseball teams = $36 billion
    • All United States NHL Hockey teams = $14.7 billion
    • 20 United States Major League Soccer (MLS) teams = $3.14 billion
    • Top 20 International Soccer (Football) teams = $23.2 billion
    That equates to $146.24 billion USD, which leaves Apple's coffers with a grand total of $59.76 billion USD. Even if you extrapolate this out further, that's enough money to easily buy all of the rest of the other soccer teams that don't post their values. That's an insane amount of money for any company to horde. Share your thoughts and rants.
     
  2. recDNA

    recDNA Member

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    I hear they have enough money to purchase all the pipe cleaners on earth creating a huge demand resulting in insane prices!
     
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  3. tgyberg

    tgyberg Silver Member

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    WOW, hard to image!
     
  4. Powarun

    Powarun Member

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    If any team buys my part of the GB Packers, I do wonder what kind of memorial would be built.
     
  5. Dusty

    Dusty Gold Member

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    I WISH they would buy the Baltimore Orioles. The current owner is a total waste.
     
  6. cr6

    cr6 Super Moderator
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    That's crazy. I guess that's what happens when the factories you use to make your product only pay their employees 2-3 bucks an hour.
    SMH

    S5 tap'n
     
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  7. KooleyCat

    KooleyCat New Member

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    can't imagine.. if that's their earnings.. I'm curious what benefits they had for their employees..hhhmm
     
  8. tech_head

    tech_head Silver Member

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    The benefits if you are in the engineering arm are pretty good along with salary.
    Don't know about retail. I know people in engineering.
     
  9. pc747

    pc747 Administrator
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  10. jkaod

    jkaod Gold Member

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    Buy android phones and buy Apple stock.
     
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  11. thunderbolt_nick

    thunderbolt_nick Thunderbolt Rescue Squad
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    Daaaaang! ALL 20 MLS teams ( one which Microsoft owns ) and Manchester United and Bayern Munich...shoot you could just own the soccer world from those purchases.

    Sent from my Nexus 6 using Tapatalk
     
  12. boidsonly

    boidsonly Active Member

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    And every bit of that $ is hidden off shore in tax shelters...