Apple Acquires Workflow

In an interesting and uncharacteristic move, Apple has purchased mobile app Workflow for an undisclosed sum. It’s an iOS utility that allows you create shortcuts to peform a string of actions and can be triggered by a Widget, a Home Screen icon, share sheet button, or even from the Apple Watch.

For now, Apple is not only going to keep Workflow in the App Store, but the normally $2.99 app will be free.

Warren Buffet Loading Up On APPL

Buffett’s holding company, Berkshire Hathaway, bought 57.4 million shares of the iPhone maker in 2016.

Warren Buffett nearly quadrupled his stake in Apple (symbol AAPL, $135.51) during the last three months of 2016, according to the latest 13-F filing with the Securities and Exchange Commission by Buffett’s holding company, Berkshire Hathaway BRK.B. The big investment is already looking like a shrewd move. Apple shares are setting record highs this week and are up 17% so far in 2017. With a market capitalization, or share price times total shares outstanding, of $711 billion, Apple is the most valuable public company in the world. (Prices as of February 15.)

If it’s good enough for Warren Buffet, it should be good enough for all the market wonks out there predicting Apple’s doom for the last 15 years.

Apple 4th Quarter Earnings

Apple on Tuesday posted quarterly earnings and revenue that topped analysts’ expectations, boosted by strong iPhone growth in China.

Apple reported fiscal fourth-quarter earnings of $1.96 per share on sales of $51.5 billion.

Analysts expected the tech giant to report earnings of $1.88 per share on $51.11 billion in revenue, according to a consensus estimate from Thomson Reuters. Shares were flat in up-and-down after-hours trading following the results.

Mac vs. PC in 3 charts