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Gross emphasized Apple's impressive financial health, highlighting that it generated $11 billion in operating cash flow during the last quarter and holds $230 billion in cash reserves. With a price-to-earnings ratio of 10X and a dividend yield of 2.4%, he believes that Apple still represents a valuable investment opportunity.
In response to a query from Steve Broido regarding what features could make the upcoming iPhone 7 exceptional, Gross reminisced about the nostalgic appeal of the Motorola StarTAC flip phone. Although unlikely that Apple would embrace such retro designs, Gross's response reflects a broader sense of yearning for innovative breakthroughs in the smartphone space.