Speaking during CNBC’s “Closing Bell” on Tuesday, CEO of Gerber Kawasaki Wealth and Investment management said it’s time for Apple to spend its cash.
Apple now has more than $250 billion in cash, and one investor is demanding the company start spending its money.
Speaking during CNBC’s “Closing Bell” on Tuesday evening, Gerber Kawasaki Wealth and Investment management CEO Ross Gerber said he’s tired of Apple sticking by its playbook.
“Their services business has a lot of risk to it from other companies like Netflix and Spotify and Samsung and all the other players, ” Gerber said. “And they have all this cash, and all they can come up with is the same playbook, which is buy back stock and pay dividends, ” Gerber said.
