Apple buys a new company every two to three weeks on average, Apple CEO Tim Cook said in an interview with CNBC, saying Apple bought only about 20 percent of the past six months To 25 companies.
Cook said on the sidelines of the annual meeting of shareholders in the Berkshire Hathaway conglomerate over the weekend: Apple does not often announce these deals because the companies are small, and Apple is primarily looking for talent and intellectual property.
The acquisition highlights Apple's massive purchasing power, posting a cash dividend of $ 225.4 billion in the second quarter of the year, making it one of the world's wealthiest companies.
Apple has pledged to contribute to the US economy by $ 350 billion over five years, through expansion and tax on recovered funds.
Cook said that after investing in initiatives such as the new $ 1 billion headquarters in Austin, Texas, the company shifted its attention to other targets.
"If we have money remaining, we're looking to find out what we can do as well," said Apple's chief executive. "We acquire all the companies we need, which are right for us, and which achieve strategic goals. three weeks".
The strategy stands out in some of Apple's most popular acquisitions, such as its acquisition of Digital Texture, which later became the new Apple News service, offering access to a variety of publications for a fixed subscription fee.
Although Apple has many startups a year, it is known not to make major acquisitions in view of its $ 952 billion market value. Accordingly, it does not have to disclose these acquisitions or any information about its own acquisitions .
The $ 3 billion acquisition of Beats in 2014 represented Apple's biggest acquisition in the past time, Apple turned it into the music service of Apple Music and continued to sell Beats as part of its growing wearable category.
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