Apple buys a company, on average, every two or three weeks, according to statements made by its CEO, Tim Cook, in an interview with CNBC.
Tim Cook has assumed that in the past six months, 20 to 25 companies were bought by the Cupertino technology multinational. Apple has often not announced these acquisitions, according to its CEO, "because they are small businesses and essentially looking for talent and intellectual property."
The CEO of Apple also explains that if there is money available, the company "acquires everything that makes sense and has a strategic purpose." This aggressive style of acquisition reflects Apple's enormous buying power. According to the latest quarterly report, the company had financial reserves of $ 225.4 billion.
However, despite the large number of companies purchased by Apple, they have rarely been big deals. In the recent past, the largest buyout was Beats' $ 201 million bid in 2014, later turning it into the Apple Music streaming service.