Apple doesn’t ‘need’ to buy anything

Gizmodo:

Every few months, as Apple’s stock price continues to rise and its cash coffers get more and more full, these calls for action crop back up. Just last week, Citigroup listed seven companies it thinks Apple should eye for takeover bids, including usual favorites like Netflix, Tesla, and Disney.

Apple is not a company that makes massive acquisitions, and as its financials continue to prove, it doesn’t need to be. And yet, every few months, articles abound about how Apple should spend its money, always with a focus on big splashy deals.

Many of the companies pundits think Apple should buy are patently ridiculous choices.