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.
