China Mobile Has More Cash Than Apple!


china mobile profit
China Mobile has bags of cash!

 

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.

Disclaimer: We may be compensated by some of the companies whose products we talk about, but our articles and reviews are always our honest opinions. For more details, you can check out our editorial guidelines and learn about how we use affiliate links.

Previous China Launches First Module For Space Station
Next Apple Preparing Earlier 2012 iPad 3 With Updated Screen