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Under Ternus, Apple Is Reportedly Entering a Spendy New Era

Gizmodo·Mike Pearl·29 days ago
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#apple#capex#johnternus#bookmark#money#gurman
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A new report from Bloomberg’s Mark Gurman peeks inside attitudes at Apple, and suggests that innovation-hungry engineers and developers may get their way soon. Apparently under incoming CEO John Ternus, the company may take money that might otherwise have been funneled to shareholders, and spend it on new ideas. Gurman writes: “For a while, many engineers and product designers inside Apple have pushed for the company to hold on to more of its cash rather than return it, arguing that the money could be better used on major acquisitions, hiring talent, and expanded research and development.” Tim Cook’s legacy as CEO can be summed up with the word “profitability .” He’ll be remembered as overseeing Apple during its transition to being a boring economic pillar, making incremental changes that enriched shareholders first and foremost, and rewarding investors with stock buybacks and larger dividends.…

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