Categories: Future Tech

Apple Buying Small Companies Every Other Month, Also Evaluating Larger Acquisitions

tim cooktim cook

Speaking at Goldman Sachs’ Technology and Internet Conference on Tuesday, Apple CEO Tim Cook pointed to the company’s “deliberate, thoughtful” mantra as a reason it doesn’t typically acquire large companies but admitted it’s not opposed to such purchases if the right one comes along.

Instead, Cook noted how Apple has actively been acquiring smaller companies that it finds as a better fit.

“If you look at the past three years,” Cook said, “we’ve averaged about an acquisition every other month. They’re companies where they have really smart people and/or IP. Generally speaking, we’ve been in many cases taking something they’re working on and move the skills to work on something else.”

Cook went on to cite the example of Apple’s acquisition of PA Semiconductor.

“This was an incredibly skilled group of guys, and they could supplement an incredible group of folks and they were working on PowerPC at the time. We didn’t have an interest in that, so we moved the skills to work on our iPhone and other engines. We will do more of those.”

As to large companies, Cook said the company’s patient and deliberate approach to acquisitions typically precluded such purchases, despite Apple’s cash holdings in excess of $125 billion.

“We have looked at large companies. In each case, it didn’t pass our test. Will we look at more? I think so. But we’re disciplined and thoughtful, and we don’t feel a pressure to go out and acquire revenue. We want to make great products. If a large company could help us, then that would be of interest. But, again: Deliberate, thoughtful is our mantra.”

Via: Apple Insider

Team TechPanda

Recent Posts

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

2 days ago

Bitcoin in 2025: Still a Smart Investment?

The first time I heard about Bitcoin was in the summer of 2018 during a casual conversation…

3 days ago

An Open-Source Exploit That Redefined Cybersecurity

Open source software is everywhere—used in almost every modern application—but the security challenges it faces…

3 days ago

KIP Protocol completely denies involvement in $LIBRA token incident

Argentine President Javier Milei is facing impeachment after the cryptocurrency he endorsed called $LIBRA crashed…

4 days ago

Will India reach US$500 B in electronics production by 2030?

India is targeting US$500 B in electronics production by 2030. Last year July, Niti Aayog…

7 days ago

How India can accelerate its ongoing AI revolution with Intelligent Engineering 

The IMF predicts that more Indians will use AI every day than in any other…

1 week ago