Apple may be hogging all the headlines with huge profits and iPhone rumors, but its mobile network provider China Mobile who has all the cash!
China Mobile recently announced that it currently has over US$50 billion in cash at hand, which it could use of technology acquisition and investment.
Gizchina News of the week
The word to look out for is ‘could’, while Apple ‘only’ has US$47.8 billion of hard earned cash burning a hole in it’s pockets, the U.S tech giant is actually putting it to good use by buying up new technologies and acquiring core business.
China Mobile Shareholders are worried about slow growth and lack of investment
China Mobile, on the other hand is being a bit of a Scrooge with it’s huge mountains of cash and are sitting on it!
Share holders are becoming increasingly worried with China Mobile’s strategy, or lack of one, and feel the Chinese communication giant is missing out on the opportunity to buy telecommunications stock and purchase new technologies.