That’s the word from COO Tim Cook, who talked to investors on Tuesday at a Goldman Sachs conference. Apple boasts one of the largest cash coffers in the tech industry, and that prompted some to wonder if the iPhone/iPod/Mac giant wants to do some wheeling and dealing. Cook said no.
“…unless we find something really makes sense for Apple shareholders, we’re not going to do it,” he said, according to the Wall Street Journal.
That would mesh with Apple’s strategy so far – it’s done a mere 12 M&A deals in the past 10 years, FactSet Research says. The largest transaction was that of Next Software, the Steve Jobs startup that returned Jobs to his throne (Happy Birthday today, by the way, sir).
Cook said that too falls in line with Apple’s philosophy.
“We’ve always been about making the best product, not having the highest market share or the highest revenue, and so acquiring a company so our revenue gets larger isn’t something that drives us,” the Wall Street Journal reported Cook as saying.
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May 18 2018 @ 20:40:07 UTC