Apple Could Buy VAG With Cash-On-Hand

Kinja'd!!! by "davesaddiction @ opposite-lock.com" (davesaddiction)
Published 12/07/2017 at 16:24

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“Tech companies in search of the next market have been eying car companies for years. It turns out they can just buy much of the entire auto industry outright, according to an analysis of public financials by Sherpa Technology Group. Sixteen of the world’s top automakers have an enterprise value of $978 billion, putting them well within reach of the $1.1 trillion held in cash and equivalents by the world’s top twenty tech companies.”

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Replies (15)

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 16:26, STARS: 0

https://qz.com/1146892/tech-companies-have-enough-in-the-bank-to-buy-the-entire-auto-industry-in-cash/

Kinja'd!!! "Future next gen S2000 owner" (future-next-gen-s2000-owner)
12/07/2017 at 16:50, STARS: 1

This is what happens when you charge $800 for something that has production costs best measured in cents.

Kinja'd!!! "Highlander-Datsuns are Forever" (jamesbowland)
12/07/2017 at 16:54, STARS: 1

They should buy VAG, then we could have iCars, very expensive but the best industrial design.

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 16:57, STARS: 1

I mean, a lot of cents, but yeah, I guess.

https://www.macrumors.com/2017/11/06/iphone-x-component-cost-estimates/

Kinja'd!!! "HammerheadFistpunch" (hammerheadfistpunch)
12/07/2017 at 17:00, STARS: 4

The idea of Apple owning a car company terrifies me.

Kinja'd!!! "BaconSandwich is tasty." (baconsandwich)
12/07/2017 at 17:01, STARS: 0

I suspect there’s actually a lot of overlap between VW/Audi ownership and iUsers.

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 17:01, STARS: 0

It seems like they’re off that train, but still working the software angle.

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 17:03, STARS: 0

https://www.theverge.com/2017/10/18/16496182/apple-self-driving-car-project-titan-sensor-lidar

They pretty much made their decision to work on self-driving cars way back when they made the commitment to be a competitor with Google on maps.

Kinja'd!!! "punkgoose17" (punkgoose17)
12/07/2017 at 17:27, STARS: 1

179% Profit margins compared to 2%-12% maybe the tech companies will stay away.

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 17:29, STARS: 1

They don’t want the product to sell, they want the captive audience...

Kinja'd!!! "My bird IS the word" (mybirdistheword)
12/07/2017 at 17:48, STARS: 1

That’s a little disingenuous. You usually have to pay much more than a company is “worth” in order to satisfy shareholders.

Kinja'd!!! "My bird IS the word" (mybirdistheword)
12/07/2017 at 17:50, STARS: 1

Perfect fit for bmw. Elitism. It’s our way or the highway. Like servicing your car? Too bad!

Kinja'd!!! "punkgoose17" (punkgoose17)
12/07/2017 at 20:02, STARS: 1

To send ads to as you drive to work everyday?

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 20:14, STARS: 0

Pretty much. Or to gather data on you that they can sell to others.

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
12/07/2017 at 20:15, STARS: 0

Yeah, good point.