<p>Finance professor Aswath Damodaran from New York University Stern School of Business stated on Monday that although Apple is still a good profit generator, it is no longer the growth company it used to be. Damodaran said, &#34;Over the past 10 years, Apple has returned over $600 billion in cash, making it the largest ATM in history. So I like to think of the company as an ATM rather than a growth engine.&#34;</p>

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<p>New York University Stern School of Business finance professor Aswath Damodaran said on Monday that while Apple is still a good profit generator, it is no longer the growth company it once was. Damodaran stated, "Over the past 10 years, Apple has returned over $600 billion in cash, making it the largest ATM in history. So I like to think of the company as an ATM rather than a growth engine."</p>

New York University Professor: Apple Inc. is just an ATM

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