After a rough quarter, Apple might need to make a major acquisition to reboot its business.
In a note to investors on Wednesday, Barclays analyst Mark Moskowitz argued that Apple’s best move now might be to use tens of billions of dollars of its cash hoard on one or two major acquisitions.
“We are starting to think that the allure of the annual capital allocation boost could lose its luster if the iPhone growth profile continues to slide,” Moskowitz wrote to investors.
