With over $40 billion (£23.54 billion, €29.7 billion) on its bank account, Apple can make a lot of acquisitions without even noticing them. Moreover, sticking to its tradition of secrecy, Apple rarely makes announcements regarding its acquisitions. But the consumer electronics giant is more than active when it comes to taking over small, but promising companies. Apparently, Apple has made 30 acquisitions this fiscal year so far.
“Not counting Beats, we have completed 29 acquisitions since the beginning of fiscal year 2013 including five since the end of the March quarter,” said Tim Cook, chief executive officer of Apple, during quarterly conference call with financial analysts and investors. “We have brought some incredible technology and more importantly some incredible talent into Apple in the process.”
The most notable acquisition that Apple has done in years is, without any doubts, the agreement to buy Beats Electronics and Beats Music. However, smaller take-overs have brought the company a lot more than a subscription music service as well as a fast growing line up of products. For example, the purchase of PA Semi allowed the company to develop its own microprocessors, whereas the take-over of Siri Inc. brought an intelligent personal assistant and knowledge navigator to the iOS.
“We are hard at work and investing heavily on exciting opportunities across our business and we have an incredible pipeline of new products and services that we cannot wait to show you,” added Mr. Cook.
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KitGuru Says: 29 acquisitions (not counting Beats) means that Apple is working on at least 29 new technologies/services/applications for its personal computers and mobile devices. Not bad.