Apple has enough cash for an outright purchase of General Electric or Wells Fargo or AT&T, the data shows. There is speculation that Apple will make a major acquisition: Companies like Netflix, Disney, Hulu and Tesla are on analysts’ lists. But there is little sign right now that Apple intends to dispose of its money that way, in a gigantic acquisition. Advertisement Continue reading the main storyThe fact that it is doing so is great for shareholders, Mr. Damodaran said. Advertisement Continue reading the main storyLike Mr. Damodaran, however, he remains skeptical about Apple’s longer-term growth prospects.

Source: New York Times May 05, 2017 21:03 UTC