24 C
Delhi

Apple will soon start its acquisitions using its $165 billion reserves

Apple has cash on hand totaling more than 165 billion US dollars at the moment. Bloomberg predicts that Apple, the most valuable company in the world, will begin a significant acquisition given its current slowdown in growth.

In contrast to large acquisitions like those of Microsoft and Amazon, Apple is more likely to buy up small start-ups. Apple is more open to making investments in the form of incubation and cultivation. Apple will be patiently awaiting the expansion and exploitation of new markets by these startups.

Apple will spend US$306 million on business acquisitions in fiscal year 2022, which is less than the US$1.5 billion spent in fiscal year 2020. Apple chose not to include information about these acquisitions in its most recent quarterly earnings report.

Apple has repaid a large portion of its excess cash to shareholders through share buybacks and dividends rather than making impulsive purchases.

In fiscal 2022, Apple will distribute more than $100 billion in dividends to shareholders. Apple still had $165 billion in cash, cash equivalents, and marketable securities as of December 31. Logan Purk, an analyst at the American financial services firm Edward Jones, claimed that Apple excels at making incremental acquisitions and small-scale purchases.

- Advertisement -TechnoSports-Ad

The report claims that Apple will remove all of its services, excluding iCloud, from its iOS 11, macOS High Sierra, watchOS 4, and tvOS 11 operating systems. That implies that all Apple services will no longer be supported on devices running the iOS 11 operating system, Mac OS High Sierra, watchOS 4, and tvOS 11 operating systems. Apple and other sources have not offered any justification for this impending change. Currently, some services like iMessage, FaceTime, etc. can be used on older Apple devices.

Also read:

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

The list of Airtel SMS packs as of May 1, 2024

Check out the list of Airtel SMS packs, including costs and validity information. We have shared a list of Airtel SMS recharge plans that...

The Best Recharge Plan for Jio as of 1st May 2024

Best Recharge Plan for Jio in 2024: The Ultimate Guide In the past few months, Jio has introduced and tweaked a slew of new...

My Jio Recharge Plans as of May 1, 2024: Top trending plans from Jio

My Jio Recharge Plans: Since its establishment in 2016, Reliance Jio has made a remarkable impact on the Indian te­lecommunications industry. The company has...

Best RTX 4070 Gaming Laptops in India as of 2024

The top-performing RTX 4070 Gaming Laptops available in India in 2024 are equipped with highly capable CPUs, graphics cards, and memory. These laptops not...