During today's second quarter earnings call, Apple CEO Tim Cook revealed that Apple has purchased a total of 24 companies over the last 18 months, some that are known and some that remain unknown.
Just over half of Apple’s acquisitions have come to light, which means the company has purchased a number of additional companies that have not been disclosed. So far in 2014, Apple acquired SnappyLabs, a company that produced a burst-mode photo app, and Burstly, the company behind the Testflight iOS beta testing platform.
2013 saw Apple acquire several different mapping apps, including BroadMap, Embark, HopStop, Locationary, and WiFiSlam, along with other notable additions like 3D company PrimeSense and Novauris, a speech recognition company. Back in October, Tim Cook noted Apple had completed 15 strategic acquisitions in 2013, pointing towards a number of new acquisitions already in 2014.
The technology from Apple’s acquisitions will likely make its way into future products and updates. For example, all of the mapping acquisitions are expected to be put to use in iOS 8, which will see the addition of transit directions and possibly improved indoor mapping techniques.
During the call, Apple CEO Tim Cook noted that investing in research and development along with hardware, software, and services were top priorities, and that the company was "on the prowl" for new companies to acquire.
Top Rated Comments
Your ignorance offends me.
Situation: Apple not buying companies. Reaction: Why don't you spend some of your cash?
Situation: Apple acquires companies. Reaction: You're just manipulating your stock price.
Translation: The latest fad is criticizing Apple. It makes small people feel big.
So your own posts here offend you?