Deals
Apple Struggles to Make Big Deals, Hampering Strategy Shifts
- IPhone maker mostly buys small startups for new tech, talent
- CEO hints at larger transactions as analysts seek new growth
Apple Closes at Record High on Optimism for Next iPhone
This article is for subscribers only.
“We are always looking at acquisitions,” Apple Inc. Chief Executive Officer Tim Cook told analysts last month. “There’s not a size that we would not do."
It’s a message he’s increasingly stressed over the past year as investors question how the world’s most valuable technology company plans to use its $246 billion cash pile to meet ambitious sales targets and expand into new markets, such as transportation.