Apple CEO Tim Cookrecently gave a speech about the company’s financial quarter. In the speech, he said that they will make big purchases. This statement by Cook also resurfaced long-standing rumors about whether Apple was interested in acquiring Netflix. Here are the details!
Tim Cook constantly monitors the purchasing market
US-based tech giant appleis at the top of the list with the products it offers. Apple, which is among the largest companies in the world, draws attention with its investments in different subjects as well as hardware. Now, with the publication of its financial report for the second quarter of the year, new information has emerged.
Tim Cook, speaking with investors about the earnings report, stated that he did not rule out the possibility of the acquisition of the company. This explanation comes to mind ‘Is Apple making a big acquisition plan?’ raised the question. The CEO was faced with questions about the growing services market every year. The business person was also asked if the company would like to purchase external products to further expand its services.
Record earnings from Apple despite inflation!
Apple revenues began to slow in 2022. Other categories other than iPhone and Services experienced a decline in revenue.
The famous businessman stated that this possibility is possible, but he also openly said that such a move would not be possible without a strategic plan. Although Cook did not give a detailed answer about Apple’s strategies, he explained that the company is monitoring the potential acquisition market. Also, more small companies He stated that they have purchased and that they aim to recruit people who will add energy to Apple.
We are always looking, asking ourselves, is this strategic? We never buy to buy and we never buy just to increase revenue. So far, we’ve done scale comparisons. Small IP and people purchases. But I do not ignore future possibilities, we always follow the market.
This isn’t the first time Cook has been asked about Apple’s acquisition of other major companies. Earlier in April, Apple CEO stated that the company is always looking for talent. In addition, he said that if it adds strategic meaning, there will be the possibility of acquisition. In addition, according to many analysts, Apple, Netflix and should buy companies like Peloton.
So, what do you think about this subject? Do you think Apple will step up for Netflix? Do not forget to share your views with us in the comments section.