Apple will probably have accumulated so much in cash, cash equivalents and securities by the end of the third quarter that it could buy out several major smartphone rivals, says Asymco's Horace Dediu. The quarter ends later this month, and Dediu estimates that Apple will have hoarded over $70 billion. After Q2 Apple revealed that it had amassed more than $65.8 billion in reserves, theoretically enough to keep Apple running through mid-2018 without any new revenue.
