Apple has bought out just short of 100 low businesses over the last six years as part of its corporate skill spree , CEO Tim Cook assure stockholder at a practical merging on Tuesday .
consort to Bloomberg , Cook said that Apple has been buying little companies at a rate of about one every three to four weeks . noted acquisitions for Apple in the last yr alone include VR / AR startupsNextVRandSpaces , a weather condition appcalled Dark Sky , mobile defrayment serviceMobeewave , and others . Apple has always tried to keep inside information of its attainment in the dark , but price in the hundreds of millions for some of the firm have been suggested . Apple reportedlybought 20 - 25 companiesin the six calendar month precede May 2019 alone .
“ We ’re not afraid to count at skill of any size , ” Cook told shareholders , fit in to MacRumors . “ Focus is on small , forward-looking company that complement our products and help drive them forward . ”
Photo: Graeme Jennings-Pool (Getty Images)
learning sprees by massive business firm like Amazon , Apple , Facebook , and Google have come under scrutiny from antimonopoly regulators — a House Judiciary Committee theme in October 2020 found that the four company “ once were , underdog startups that take exception the status quo [ but ] have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons . ” The Federal Trade Commission demanded inside information on Apple ’s deals tobuy other companieslast yr ; however , Apple run to buy small companies that devolve well below the threshold for regulator to ill-use in . Most allegation of anticompetitive deportment by Apple have focalise on the different ( if not entirely unrelated ) issue of itsmonopolystrangleholdon iOSand theApp Store .
Last twelvemonth , Cook told CNBCthat Apple had evaded antitrust questions about its buyout because its “ strategy has been to buy companies where we have challenge , and IP , and then make them a lineament of the phone , ” rather than simply take over the competition .
At the meeting on Tuesday , Cook also claimed that Apple ( which soared to a$2 trillion market capin 2020 ) somehow does n’t have a dominant position in any markets , per Bloomberg :
“ Apple does n’t have a dominant position in any market we compete in , not in any product class , not in any service category , and not in software or apps , ” the chief operating officer said . “ This competitive market pushes all of us to be good . So while scrutiny is always fair , accusations like these pin apart after a reasonable examination of the facts . ”
Other issues address during the call included Apple ’s environmental impact and new iOS have that check down on certain kind of tracking behaviour , the latter of which is the subject of anongoing feud with Facebook . Cook said the company is on track to be carbon neutral by 2030 and that he hoped Apple ’s strict seclusion guard would be a “ wavelet in the pond , ” consort to MacRumors .
Per CNBC , shareholders rewarded Cook during the group meeting with ( a advisory and non - binding ) vote to sanction more recompense for execs , including a lavish fairness package of up to one million portion for Cook , and shoot down a proposal to limit executive wage to be more in line of reasoning with that of employee .
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