Neil Cybart / Above Avalon
Apple’s Extremely Quiet Year for MA – While going through Apples recently-filed 10-K for FY2021, one number jumped out at me. It wasnt the record iPhone sales, strong margins, or phenomenal free cash flow. Instead, it was the lack of cash spent on MA. In 2021, Apple spent just $33 million on business acquisitions (MA). Thats a …
