Apple Should Break Out of Its Comfort Zone With Bold M&A
The company isn’t known for big acquisitions. But with a sluggish product pipeline and an enormous cash hoard, it might be time for a deal.
Stuck in place?
Photographer: Chris Ratcliffe/Bloomberg
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Apple Inc., the iconic company whose products have transformed daily life, has done what was once unthinkable: It has become humdrum.
On Thursday, Apple reported revenue of $124 billion for the December quarter, beating the $119 billion median estimate of analysts surveyed by Bloomberg. Net profit for the quarter also came in above the consensus.