Apple has 20 times more cash than the entire value of RIM

Posted on by Mike Evans

Poor old Research in Motion, purveyor of the once mighty BlackBerry. Today the share price closed at $9.66, valuing the company at under £5bn. Some have asked why Apple doesn’t splurge a modest 5% of its cash pile and take out the BlackBerry. After a a 30-second ponder the answer becomes clear. Why on earth would Apple want or need BlackBerry?

In 2007, just five years ago, RIM’s then CEO, Jim Balsilie, said: “It’s kind of one more entrant into an already very busy space with lots of choice for consumers. But in terms of a sort of a sea-change for BlackBerry, I would think that’s overstating it.” Some sea-change, more like a tsunami.

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