“‘Shark Tank’ investor Kevin O’Leary said on Tuesday that he wasn’t excited about Apple Music from an investor’s perspective,” Reem Nasr reports for CNBC.
Nasr reports, “‘To me the whole thing is a giant nothing burger. Who cares? Even if they owned all of the streaming companies with all the features, it wouldn’t make a difference to their income statement,’ he said in an interview on CNBC’s ‘Squawk Alley.'”
Nasr reports, “‘Show me moves that protect and grow my dividend in Apple,’ he said. ‘This is not going to be material while I’m alive.'”
Read more in the full article here.
MacDailyNews Take: “Oh, the myopicity!” we exclaim in a chorus of our best Herb Morrison impressions.
It’s the ecosystem, stupid.
The ecosystem sells the devices, stupid.
The device sales fuel your beloved dividends, stupid.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
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