Tim Cook dinner: Apple purchased 20 to 25 firms previously six months


Tim Cook

Apple’s been shopping for up firms, its CEO tells CNBC.

Craig Barritt/Getty Photographs

Apple is reportedly on a procuring spree. CEO Tim Cook dinner advised CNBC that it is purchased 20 to 25 firms within the final six months, up from 18 acquisitions final 12 months.

“We purchase every little thing that we’d like that may match and has a strategic function to it. And so we purchase an organization on common, each two to a few weeks,” Cook dinner advised CNBC in an interview revealed Monday.

Apple did not instantly reply to request for remark, however Cook dinner advised CNBC that the offers aren’t normally public as a result of the corporate is in search of “expertise and mental property.” Apple’s newest earnings report exhibits that the corporate has large buying energy: $225.four billion in money readily available. 

A few of Apple’s earlier acquisitions embrace Beats in 2014 and the Texture journal app in 2018. 

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