The economy is bad and seems to be forcing Apple to slow down its company buying habit.
From one takeover every three to four weeks to just two major acquisitions in 2022
reports that Apple has dramatically slowed the pace of acquisitions in the last two years. The companyspent $33 million on dealmaking in its last fiscal year and $169 million in the first nine months of 2022, down from $1.5 billion in the fiscal year 2020. Apple keeps an eye on promising start-ups and past purchases have helped it launch popular features such as the Siri voice assistant and the Face ID biometric tech. Chief Executive Officer Tim Cook revealed in February 2021 that the company had bought 100 companies in the prior six years, meaning more than one every month.
In 2021, the Cupertino giant's only known takeover was of the streaming service Primephonic and in 2022, it made only two known acquisitions: Credit Kudos, which makes tech for calculating credit scores, and AI Music, which produces tailor-made audio. The figures don't include money spent on Apple TV+ content.
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