Top tech analyst knocks down theory Apple’s surge is due to passive investing, buybacks
Apple CEO Tim Cook greets employees and customers on a surprise visit to the Georgetown Apple store in Washington, DC.
Jabin Botsford | The Washington Post | Getty ImagesApple‘s remarkable 12-month run is the real deal and not a technicality due to passive inflows and share buybacks, top tech analyst Toni Sacconaghi says.
The iPhone maker’s shares have doubled over the past year. They have also…