Monday, October 25

Apple buys over 100 companies

Apple CEO Tim Cook announced that they have acquired more than 100 companies in the past six years. This means Apple adds a new company every three or four weeks.

US-based technology giant Apple CEO Tim Cook shared information on the company’s economic data at the annual shareholders meeting.

Cook announced that they have acquired more than 100 companies in the last six years. This reveals that Apple buys a new company every 3 or 4 weeks.

Apple’s biggest acquisition in the last decade has been the acquisition of Beats Electronics, a headphone maker founded by rapper and producer Dr Dre, for $ 3 billion.

Another high profile acquisition was music recognition app Shazam in 2018. Apple paid $ 400 million for Shazam.

Apple has acquired nearly 100 companies in 6 years

Apple Senior Manager (CEO) Tim Cook announced that Apple has acquired approximately 100 companies in the last 6 years.

According to the news in the BBC, Cook shared information on the financial structure of the company at Apple’s annual shareholders meeting.

Cook stated at the meeting that Apple has taken over the company every 3-4 weeks on average in the last 6 years.

Cook stated that the acquisitions are mostly geared towards acquiring technology and talent.

According to the report, Apple’s biggest acquisition in the last 10 years was with headphone manufacturer Beats Electronics with $ 3 billion.

WORLD’S MOST VALUABLE BRAND APPLE

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According to the “World’s Most Valuable 500 Brands-Global 500-2021” research prepared by Brand Finance, Apple was identified as the most valuable brand in the world with a brand value of 263.4 billion dollars.

Last year, Apple, which ranked 3rd with a brand value of 140.5 billion dollars, managed to increase its brand value by 87 percent during the period marked by the Kovid-19 outbreak.

Apple is also subject to “monopolization” criticism in many countries, especially in the USA.

Company officials had to testify in the US Senate last year, along with officials from Google, Amazon and Facebook.

BEATS ELECTONICS

Apple’s biggest acquisition in the last 10 years was Beats Electronics, the headphone manufacturer. Apple, rap singer and producer Dr. He paid $ 3 billion in 2014 to the company founded by Dr.Dre.

The company bought Shazam, its song recognition app, for $ 400 million in 2018.

The company bought Shazam, its song recognition app, for $ 400 million in 2018.

Apple buys small companies and integrates their innovations into its products.

One of them is PrimeSense, an Israeli company that develops 3D sensing technology. Apple took advantage of this software in FaceID (face recognition) technology.

The company has also invested heavily in “backend” technology for iPhone and Macbook computers.

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ARTIFICIAL INTELLIGENCE, VIRTUAL REALITY, PODCAST AND AUTONOMOUS DRIVING

Apple’s investments last year include artificial intelligence, virtual reality, payment system and podcast companies.

The company acquired driverless car maker Drive.ai in 2019 to integrate it into its own autonomous driving technology.

In 2016, the company invested a billion dollars in Uber’s biggest competitor in Asia, the car-sharing service Didi Chuxing.

Apple’s market value is over 2 trillion.

MUSK Couldn’t SELL TESLA TO APPLE

Analysts say Apple has acquired 100 companies in the past six years and has a great purchasing power, but is still very selective.

Elon Musk, the CEO of the electric car manufacturer Tesla, announced in 2013 that he was trying to sell the company to Cook while the company was having a hard time, but Tim Cook refused.

Apple also has a relatively conservative approach to purchases compared to most of its competitors.

For example, Microsoft paid $ 26 billion to LinkedIn, $ 17.3 billion to Amazon, Whole Foods, and $ 19 billion to WhatsApp.

The sum of Apple’s top 10 purchases is well below the amount paid for any of them.