Apple considering acquisitions?
The technology giant could be looking to strengthen its position through acquisitions.
Apple is said to be considering several major acquisitions, as it looks to pursue growth in new realms.
According to the New York Times, the iPhone manufacturer could be gearing up for major mergers and acquisitions negotiations after it emerged that Silicon Valley's largest firm by market capitalisation is saving money for "strategic opportunities".
While many firms have struggled through the recession, Apple has seen its stock rise to the extent that some analysts expect it to become the world's biggest company by market capitalisation in the coming months.
During a conference call, company chief executive Steve Jobs sparked rumours that the firm will plough some of its immense fortune into acquisitions
"We'd like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future," Mr. Jobs said.
"We strongly believe that one or more very strategic opportunities may come along, that we can take, that we're in a unique position to take advantage of because of our strong cash position."
Some of the companies said to be on Apple's shopping list are Facebook, Sony and Electronic Arts.