If You Invested $1000 In Apple When It Made Its Biggest Acquisition 9 Years Ago, Heres How Much Youd Have Now - Apple (NASDAQ:AAPL), Spotify Technology (NYSE:SPOT)
Summary
Apple, Inc. AAPL is not known as a company that lays heavy emphasis on inorganic growth or growing through mergers and acquisitions. The purchase was reported by media in late March, although the company did not make an official announcement in this regard. Explaining the logic behind the purchase, Cook said the company keeps investing in music as it is such an "important part of all of our lives and holds a special place within our hearts at Apple." It was believed then that the purchase of Beats will give Apple privy to a range of high-end accessories, which would prove to be margin-boosting, and a streaming service to rival Spotify Technology S.A. SPOT. Read Next: Apple’s Mixed-Reality Headset Clash With Meta To Play Out Same Way As Former’s 15-Year Fight With Google’s Android, Says Gurman
Classifications
AskAI Classifications
LabelsLinked Companies
