In a program on CNBC, Investor Kevin O’Leary praised Apple Inc. (NASDAQ:AAPL) and said that the news about potential partnership between Alibaba and Apple is huge for investors. O’Leary thinks that Apple Inc. (NASDAQ:AAPL) has everything for every investor. It is a dynamic company, attracts other big companies and yields great results for investors. Currently, Alibaba Group Holding Ltd (NYSE:BABA)’s CEO Jack Ma is in the US where he is in talks to buy content from Hollywood giants for streaming it in China. Jack Ma talked about a likely partnership with Apple regarding its newly launched mobile payment system, Apple Inc. (NASDAQ:AAPL) Pay. Alibaba Group Holding Ltd (NYSE:BABA) has its own payment method AliPay in the pipeline and it will be interesting to see how these two contemporary payment options amalgamate into something that can facilitate the end users. Google Inc (NASDAQ:GOOGL)’s lack of interest in Chinese markets is a huge mistake, according to O’Leary.
O’Leary owns Apple Inc. (NASDAQ:AAPL) stock. He said that the company pays a good divided and capital keeps coming back. Apple makes smart investment decisions. Apple Inc. (NASDAQ:AAPL) is a trillion dollar market Cap Company, claims O’Leary. Everything for everybody is Apple Inc. (NASDAQ:AAPL)’s motto and the company keeps everyone intrigued with long term technologies like Apple’s Pay.
O’Leary gave example of Gopro and Twitter. He thinks that these companies lack the universal engagement which is offered by Apple to every investor Twitter and Gopro has low yields and dividends. Google Inc (NASDAQ:GOOGL) made a huge mistake when it distanced itself from Chinese markets. Now the company is frustrated over Apple Inc. (NASDAQ:AAPL) and Alibaba Group Holding Ltd (NYSE:BABA)’s partnership. Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) are currently in a war of words regarding online privacy.
O’Leary said that companies must align themselves with the changing circumstances in every market. Google Inc (NASDAQ:GOOGL) went out of China by saying that it will not be a part of evil trend, but it is now regretting its decision, said O’Leary.
Carl Icahn‘s Icahn Capital hold around 52.8 million shares of Apple Inc. (NASDAQ:AAPL). David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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