Apple just gave a clue that a big AI acquisition may be in the cards
- 2 hours ago
- 1 min read
MarketWatch — Back in 2018, the company started winnowing down its massive cash pile with the goal of maintaining equivalent cash and debt levels, but Apple said it will evaluate the two metrics separately going forward. The decision will help it “make more optimal economic decisions around how we best utilize our debt and cash portfolios to support the business,” CFO Kevan Parekh said.
“We believe the changing of the guard at Apple with a new CEO hints at acquisitions going forward, which is a relief for investors to hear,” Wedbush analyst Dan Ives told MarketWatch
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