“have enough cash to operate for more than a decade without making another thin dime in revenue”
That is an amazing insight.
Yes, Apple paid off its debts long ago.. I think they may have taken a few small loans out recently, but they have been a cash operating business for a long long time, they have enough cash on hand to operate for more than a decade without any more revenues coming in....
So anytime someone publishes some hand wringing article about Apple, it is just laughable. The fundamentals of the company are rock solid... They have over $200 BILLION in cash on hand... To put that into some perspective... Apple has CASH IN THE BANK, roughly 1/10th of the entire GDP of the UK.
Sure, where’s their next huge home run? When will it happen and what will it be? Who knows, but their business is rock solid. The Street exists so outside of reality that they invent crisis’ to justify a stock movement up or down, but its silly.