GENE MUNSTER: Apple could use its repatriated cash to buy Magic Leap or Peloton (AAPL, TSLA)
|01/18/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>