Becker's Healthcare January 16, 2019
With Apple’s increasing investments in healthcare, CNBC‘s Jim Cramer said the company has to make a big move to show it is serious about its business in the industry.
Mr. Cramer, the host of CNBC‘s “Mad Money,” explained that 63 percent of Apple’s revenue comes from its iPhone sales. Once those numbers began to dip in 2018, investors wrote the company off, he said.
“It’s time for them to make a big, splashy acquisition … in the software space. The idea here is that this would make [Apple’s] service revenue stream a larger piece of the pie,” he said. “It would force investors and analysts to re-evaluate Apple as more than just a hardware company.”
The most obvious acquisition in...
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