Tim Cook: Apple acquired 29 companies over the last 9 months
During the Apple's earnings conference call this past April, Tim Cook said that Apple was on the prowl for new acquisitions. And on the prowl they've certainly been.
During yesterday's earnings conference call, Cook explained that Apple, in the last nine months alone, acquired a grand total of 29 companies. Intriguingly, only 9 of these acquisitions have been publicized, meaning that Apple snatched up 20 companies completely under the radar. Notably, the 29 figure quoted by Cook doesn't include Apple's $3 billion purchase of Beats as that deal hasn't officially closed.
Cook's full statement on Apple's recent acquisitions:
Not counting Beats, we've completed 29 acquisitions since the beginning of fiscal year 2013 including five since the end of the March quarter and we have brought some incredible technology and more importantly some incredible talent into Apple in the process. We are hard at work and investing heavily on exciting opportunities across our business and we have an incredible pipeline of new products and services that we can't wait to show you.
Cook later added that Apple is always on the lookout for new acquisitions while noting that "we don't do things that aren't strategic."
Some of the more interesting Apple acquisitions over the past 9 months include its $345 million purchase of PrimeSense this past November and its early May acquisition of LuxVue Technology, a company specializing in power efficient micro-LED technologies.
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