Connect with us

Business

Warren Buffett wins big as Apple amazes – The Australian Financial Review

When Warren Buffett bought into Apple five years ago, there was a real debate over whether it was a growth or value stocks. Five incredible years later, the labels…

Published

on

Article feature image

Operating cashflow of $US24 billion and dividends worth $US23 billion in just three months.
The stunning quarter beat analyst expectation in every important respect. No doubt the pandemic has helped, with Apple seemingly enjoying both strong pent-up demand as economies reopen and a tailwind from shifting work practices, which have lit a fire under sales of its Mac computers; they rose 70 per cent during the quarter.
Chief executive Tim Cook summed up this dynamic nicely: This quarter reflects both…

Click here to view the original article.

Continue Reading
Advertisement
Advertisement

Trending