“I feel really good about where we are,” Apple’s chief executive, Tim Cook told investors Monday in releasing yet another beyond-solid financial performance for the country’s most valuable company. “It’s tough to find something in the numbers not to like.”
Indeed. Revenues for the company’s second fiscal quarter grew 27% from the year-earlier quarter to $58 billion. Apple earned $13.6 billion, up 33%. The company has done 27 acquisitions in the last year and a half, and it is dramatically upping its share repurchase and dividend program. Yet Apple [fortune-stock symbol=”AAPL”], now has $194 billion in cash and cash-like investments, up $16 billion from last quarter.
Wall Street analysts found a few things not to like because, well, that’s their job. Apple’s iPad sales are slowing, and while Cook predicts growth will re-accelerate, he won’t say when. (Bigger iPhones and snazzier Macbooks are cannibalizing iPads, he said.) Margins for…
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