Peter Kafka

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Apple Has Bought Nine Companies Since October, and Is Going to Pick Up the Pace, Says Tim Cook

What is Apple doing with its big pile of cash? Shouldn’t they go buy some companies with a chunk of that dough?

Well, they are, said Tim Cook.

The Apple CEO said that in the company’s previous fiscal year it bought a company every two to three months. In its current fiscal year, which started in October, it has picked up the pace, he said at the D11 conference: Apple bought nine companies.

And Apple hasn’t disclosed most of those, and likely won’t do so in the future; Cook said he’s going to keep shopping: “I think, if anything, we would do more of that in the future.”

Okay. But what about deals that are so big that Apple would have to disclose it? “We’re not currently looking at a big one, but we’re not opposed to doing that, if it makes sense.”

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