Apple Stock Buyback Q3 2013

Apple’s latest major acquisition: Apple

By on July 25, 2013 at 9:30 AM.

Apple’s latest major acquisition: Apple

Analysts and pundits regularly state that Apple “needs” to use some of its growing cash pile on major acquisitions. Yahoo recently spent $1.1 billion to acquire Tumblr,¬†Google reportedly spent more than $1 billion on its recent Waze buy…¬†where are the massive Apple deals? As Fortune’s Philip Elmer-DeWitt points out, Apple outspent all other major tech companies by a huge margin last quarter on a major acquisition. What did it buy? Apple. More →

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