(Asymco)

Asymco's Horace Dediu reports that he expects Apple to have over $70 billion in cash at the end of its second quarter; with it, the company could conceivably acquire every single one of its mobile phone competitors except Samsung (which is valued at a slightly more modest $53 billion). While I'm sure Apple would love to buy up these companies and get its hands on , perhaps we're guilty of not thinking big enough. Apple's waited this long; why not wait a few more quarters and store up the full $120 billion it would take to buy smart phone competitor on the planet? They'll never see it coming.

(FOSS Patents)

Speaking of competitors, Apple's took another step forward on Friday, as the company rephrased its complaint to insert more assertive language, accusing Samsung of "slavishly copying" Cupertino's iPhone and iPad line. Several new devices have been added to the list of infringing products as well, including the Droid Charge, Exhibit 4G, Galaxy Ace, Galaxy Prevail, Galaxy S, Gravity, Infuse 4G, Nexus S 4G, Replenish, Sidekick, Galaxy Tab 10.1, and Galaxy S II. When we called Samsung for comment, we got stuck on hold for hours, listening to a bootleg recording of Apple's voicemail system.

(AppleInsider)