Apple Confirms Two More Acquisitions Made This Year

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Apple campus

Apple (NASDAQ:AAPL) has apparently acquired even more mapping companies than what was previously known. As first reported by 9to5Mac’s Mark Gurman, Apple acquired mapping firm BroadMap earlier this year, as well as note-taking app Catch.

Although Gurman first cited “evidence and chatter from sources,” the acquisitions were later confirmed by Apple with its typical boilerplate statement. “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” the company said in a statement to All Things D.

During Apple’s fiscal fourth-quarter earnings call in October, CEO Tim Cook said: “We also completed 15 strategic acquisitions. That’s an average of one acquisition every three to four weeks.” However, only some of those acquisitions had been revealed, including personal assistant app company Cue, low-power wireless chip company Passif Semiconductor, and social analytics company Topsy Labs.

Apple also made several acquisitions that appear to be aimed at bolstering its native mapping application: location data company Locationary, mass transit navigation app company HopStop, and transit system app company Embark. BroadMap appears to be another company that will be used by the California-based company to try and further improve Apple Maps.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business