Is Apple Edging Closer to a TV?
Japanese TV maker Sharp owns 28 percent of Loewe, French digital storage device manufacturer LaCie holds another 11.2 percent, while 49 percent of its shares are freely traded.
Speaking on the question of acquisitions at the Goldman Sachs tech conference on Tuesday, Apple chief executive Tim Cook said the company was open to buying smaller firms after a deliberate and thoughtful process if it helped in making superior products.
Several analysts have predicted that the iPhone maker was close to entering the television space with an industry-changing product that has a high profit margin. Apple, predictably, has never admitted to such a product in its pipeline, though its interest in the television space has been documented since late co-founder Steve Jobs discussed the topic with his biographer Walter Isaacson.
Here’s how Apple (NASDAQ:AAPL) finished trading this past week, kicking off Monday above $480 and ending Friday slightly above $460:
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