Top tech analyst knocks down theory Apple’s surge is due to passive investing, buybacks

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 Images

Apple‘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…

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