Tim Cook: Apple bought 20 to 25 companies in the past six months
Apple's CEO tells CNBC that his company has been rapidly, yet quietly, making acquisitions.
- She received the Renau Writing Scholarship in 2016 from the University of Louisville's communication department.
Apple's been buying up companies, its CEO tells CNBC.
Apple is reportedly on a shopping spree. CEO Tim Cook told CNBC that it's bought 20 to 25 companies in the last six months, up from 18 acquisitions last year.
"We acquire everything that we need that can fit and has a strategic purpose to it. And so we acquire a company on average, every two to three weeks," Cook told CNBC in an interview published Monday.
Apple didn't immediately respond to request for comment, but Cook told CNBC that the deals aren't usually public because the company is looking for "talent and intellectual property." Apple's latest earnings report shows that the company has massive purchasing power: $225.4 billion in cash on hand.
Some of Apple's previous acquisitions include Beats in 2014 and the Texture magazine app in 2018.
