Apple CEO Tim Cook
Apple has acquired about 100 companies in the past six years, the company’s chief executive Tim Cook revealed.
It runs in a company every three to four weeks, he said at Apple’s annual shareholders’ meeting Tuesday.
Apple recently achieved its largest revenue quarter of all time, bringing in $ 111.4 billion (£ 78.7 billion) in the first quarter of its fiscal year 2021.
Mr. Cook told the shareholders meeting that the acquisitions are primarily aimed at acquiring technology and talent.
Apple’s largest acquisition in the past decade was the $ 3 billion purchase of Beats Electronics, the headphone maker founded by rapper and producer Dr Dre.
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- According to this source Apple buys a company every three to four weeks
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