Can You Name Apple's 6 Biggest Acquisitions
Apple (NASDAQ: AAPL) apparently has money burning a hole in its pocket because it's been on a spending spree over the past week, dropping an estimated $400 million on music recognition service Shazam, then plunking down a $390 million payment to Finisar (NASDAQ: FNSR) for advance orders of its facial recognition technology used in the iPhone X.
While the two expenditures are for vastly different purposes -- Shazam will be a perfect complement to Apple Music and music discovery while the Finisar deal virtually precludes rivals like Samsung (NASDAQOTH: SSNLF) from competing -- it shows Apple is serious about not only remaining competitive, but in taking the lead in product innovation.
Image source: Shazam.
Source: Fool.com
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