Channels with Peter Kafka cover image

The inside story of HBO, with Jim Miller

Channels with Peter Kafka

CHAPTER

The Phone Business Is Not Going to Grow at a Clip

At 18, Apple is a slow to no gro company. They have 16 billion dollars that they have to devote to their dividend. The phone business is not going to grow at a clip. At that point, we need a new thing to put this money to work. And so as a result, when jeff talks to randall, and then later to john, you have a much more receptive audience.

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