What should Apple buy with its billions? A carrier.

Apple has a lot of cash. As of Q2, 2011 Apple has over $77 billion dollars worth of cash reserves. This is uncharacteristically high for a company of Apple’s size and it has led to an enormous amount of speculation as to its intended purpose among tech pundits and fans alike.

The only thing that’s for sure is that whatever it is, it won’t be small.

Over a year ago, when Apple’s cash pile was already huge, if not as big as it is now, CEO Steve Jobs justified the company holding on to all of that cash, stating, “When we think about big, bold things, we know that if we needed to acquire something, a piece of the puzzle, to make something big and bold a reality, we could write a check for it.”
(...)By Matthew Panzarino

Article link, What should Apple buy with its billions? A carrier.