Apple Inc. (NASDAQ:AAPL) said that it paid $525M on deals previous quarter, about twice what was spent a year ago. The agreements show Tim Cook putting the firm s $159B of cash and investments to work snapping up firms whose products can be included into future services or devices. The purchases, typically small, included Topsy Labs Inc., a data analytics firm; PrimeSense Ltd., the maker of motion tracking chip technology; search engine Cue; and mapping software firm Broadmap.
Wells Fargo & Co. s Maynard Um said that the tech giant has been particularly aggressive trying to find firms that can help it enhance the mapping service it presented in 2012 to challenge Google Inc (GOOG). The iPhone maker normally purchases lesser-known start-ups, then shuts down the services and incorporates the technology into future products. An acquisition in 2010 managed to the introduction of voice recognition feature Siri, and another deal from that year directed to the creation of the firm s iAd mobile advertising service.
The restored home page features some beautiful Valentine s Day offerings and also presented an exceptional new stage for the TV, which earlier had been relegated to a sort of also ran status. The firm did not respond to a request for comment. However with speculation increasing that Apple Inc. (NASDAQ:AAPL) might be close to upgrading its television, bloggers and analysts saw the website renewal as an indication that the new product might be just around the corner.