Above Avalon Podcast Episode 188: Apple Closed Its M&A Wallet

(Episode 188 was published on November 20th.)

While going through Apple’s recently-filed 10-K for FY2021, one number jumped out at me. It wasn’t the record iPhone sales, strong margins, or phenomenal free cash flow. Instead, it was the lack of cash spent on M&A. In episode 188, we discuss the key takeaway found with Apple spending just $33 million on business acquisitions (M&A) in FY2021. The discussion includes Neil’s thinking as to what may be behind the multi-year low for M&A and an overview of Apple’s M&A strategy.

To listen to episode 188, go here. 

The complete Above Avalon podcast episode archive is available here. 

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