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…
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…
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