Thursday, December 12, 2024
MacRumors

Apple dramatically slows down purchases of other companies over the past two years

In his latest Power On newsletter, Bloomberg’s Mark Gurman says  Apple has “dramatically” slowed its pace in acquiring other companies over the past two years.

He says corporate acquisitions have slowed to a “trickle.” Gurman notes that regulatory filings show that Apple spent US$33 million on payments related to acquisitions during the last fiscal year and $169 million in the first nine months of the current fiscal year. This is down from $1.5 billion in the fiscal year of 2020. Apple previously acquired a company every three to four weeks.

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Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.