APPLE is making a foray into the gaming market - with the electronics giant tipped to make an 'unprecendented acquisition' for Sony or Electronic Arts (EA).
Gaming website CVG reported that cash-flush Apple, which has US$51 billion (S$65.9 billion) to spend, may make a major acquisition after CEO Steve Jobs hinted at investing in a new 'strategic opportunity'.
'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,' he told investors.
'So I think that we would like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future.'
CVG reported that Kaufman Brothers had tipped EA, Netflix and even Facebook as targets.
However, leading financial magazine Barron's reportedly suggested that Apple faces speculation it 'could acquire Adobe Systems, Sony, or even Walt Disney".
CVG considered Sony a likely target for acquisition, with the Japanese company reporting a loss of 40.8 billion yen (S$653 million) last year, and an estimated market cap value of about US$40 billion - 'comfortably within Apple's price range'.
