Nokia to buy Apple for $159 billion
Written by admin on March 31st, 2008 in gadgets.
In a move that’s stunned the market, Nokia has made an agressive bid for Apple for a whopping $159 billion. Alarmed by the rise of the iPhone, which is set to net Apple $3 billion this year and up to $45 billion next year according to market analyst Piper Jaffray, the giant Finnish phone maker has decided its best option is to buy Apple outright in a deal that makes Microsoft’s bid of $44 billion for Yahoo! seem like chicken feed. According to reports, Nokia intends to spin off Apple’s existing computer business, but keep its successful music and phone divisions. The plan is to ultimately incorporate ipod and iPhone technology, the iTunes service, and Nokia’s famed high-end mobile phones into one super-phone that will single-handedly challenge the mobile phone market, mobile music market and the GPS market all at once. An insider at Nokia says the new super-phone, called the N-iPple, will feature the same user interface as the iphone, together with many of the high tech innovations that Nokia’s N-Series is famed for. The insider claims the list will include: HSDPA aGPS 7 megapixel camera with auto-focus DVD quality 60fps video recording (similar to the LG Viewty’s)
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