Apple’s been purchasing up business, its CEO informs CNBC.
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Apple is apparently on a shopping spree. CEO Tim Cook informed CNBC that it’s purchased 20 to 25 business in the last 6 months, up from 18 acquisitions in 2015.
“We acquire everything that we need that can fit and has a strategic purpose to it. And so we acquire a company on average, every two to three weeks,” Cook informed CNBC in an interview released Monday.
Apple didn’t right away react to ask for remark, however Cook informed CNBC that the offers aren’t normally public due to the fact that the business is searching for “talent and intellectual property.” Apple’s most current profits report reveals that the business has huge buying power: $225.4 billion in money on hand.
Some of Apple’s previous acquisitions consist of Beats in 2014 and the Texture publication app in 2018.
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