General World News

GENE MUNSTER: Apple could use its repatriated cash to buy Magic Leap or Peloton (AAPL, TSLA)

  • There’s a lot of speculation about how Apple will use its $245 billion overseas cash stash now that it’s announced it will pay taxes on the money, freeing it to spends the cash as it sees fit.
  • The company likely won’t use the cash to buy Tesla or make another mega-merger, said Gene Munster, a longtime Apple analyst.
  • Munster thinks Apple will mainly use the money on stock buybacks and paying dividends.
  • However, Apple could be eyeing smaller startups, such as Google-backed Magic Leap or fitness startup Peloton, he said.

Is Apple about to go on a shopping spree with its $245 read more >>>

Source:: BusinessInsider.Com