Apple radically cuts down on acquiring firms for technology and talent

Apple bought seven times more firms in 2020 than it now has across both 2021 and 2022 so far, according to new regulatory filings.Apple only rarely makes high-cost, high-profile acquisitions like its 2014 one of Beats. Nonetheless, it has been steadily and regularly buying up firms, until now.Apple avoids revealing any details of acquisitions except when required by law. According to Bloomberg, one such requirement has led to regulatory filings that reveal Apple spent $33 million on acquisitions in its fiscal year 2021. So far in fiscal 2022, it has spent $169 million. Read more...