Apple’s Billions, Gaming, and China (AAPL, NTDOY, 7974)
Apple Inc. (NASDAQ: AAPL) is reportedly (Reuters) in talks to buy a Chinese software maker named Handseeing, a designer of online games based on Chinese folklore. If this deal occurs, it seems to be the first of a kind for…
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Apple has more than $45 billion in cash and equivalents. We have to ask a simple question: would this even make a dent in the grand scheme of things. A small company can be leveraged rapidly into the Apple operations. There just seems to be no mega-hit in this move though.
There is a thought that Apple could consider. There is a hot gaming platform out there that it is equally loved by its fans young and old alike. The products also had much of the same look and feel to many of Apple’s products. They make something called the Wii.
If Apple really wants into games, it should considering calling up Nintendo Co. Ltd. (NTDOY, 7974) while the video game sector is weak and suffering. Steve Jobs could integrate the operations, and probably do it just in time for the next up-cycle in gaming.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
