Apple buys a company every few weeks, says CEO Tim Cook
Publishing timestamp: 2019-05-06 12:59:58
Summary
Apple CEO Tim Cook reveals that the company has acquired 20 to 25 companies in the past six months, with an average of one acquisition every two to three weeks. The aggressive acquisition style highlights Apple's massive purchasing power, with $225.4 billion in cash on hand. Cook mentioned that Apple primarily looks for talent and intellectual property in these acquisitions, and the company has a strategic purpose behind each purchase. Despite acquiring several companies each year, Apple is known for not making major acquisitions, with its largest being the $3 billion purchase of Beats in 2014.
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Keywords: apple inc, mobile, technology, social media, breaking news: technology, business, business news, netflix inc, tesla inc,
Source: https://www.cnbc.com/2019/05/06/apple-buys-a-company-every-few-weeks-says-ceo-tim-cook.html