Apple Drops Acquisition Clues in New Job Listing
Is Apple (NASDAQ:AAPL) gearing up for an acquisition spending spree? A recently posted Apple job listing spotted by 9to5Mac suggests that the Cupertino, California-based company will continue to increase its acquisition spending, as it has over the past several quarters. In the job listing posted on Monday, Apple stated that it is looking for an “Acquisition Integration Analyst” to “partner with Apple’s Corporate Development team to deliver the successful integration of acquired companies.”
Although Apple has yet to spend a significant chunk of its $159 billion cash hoard on a single company, the $525 million that it spent on acquisitions during the fiscal first quarter of 2014 was nearly double what it spent in the year-ago quarter. At the company’s recent shareholder meeting, CEO Tim Cook noted that Apple had acquired twenty-three companies over the past sixteen months. With so many companies being acquired in a relatively short period of time, it makes sense that Apple would need more employees focused on integrating those businesses throughout Apple.
Unlike many other major tech companies, Apple does not usually buy large businesses. Instead, the company focuses on buying smaller companies whenever it needs to acquire a specific technology to augment or create a certain product or a service. In 2012, Apple acquired fingerprint sensor technology company AuthenTec in order to create the Touch ID fingerprint scanner for the iPhone 5S. More recently, Apple acquired SnappyLabs — the company behind the popular iPhone camera app SnappyCam — in order to improve the iPhone’s native burst photography mode.