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
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“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.