Apple CEO Tim Cook has been spent more money on acquiring companies in 2013, than it ever has before. The iPhone maker said in a regulatory filing on January 28 that it paid $525 million on deals last quarter, almost double what was spent a year earlier.
The deals show Cook putting Apple’s $159 billion of cash and investments to work snapping up companies whose products can be integrated into future gadgets or services. The acquisitions, typically small, included PrimeSense Ltd., the maker of motion-tracking chip technology; Topsy Labs Inc., a data-analytics firm; search engine Cue; and mapping software company Broadmap.
Apple has been known to buy startups, shut them down, and then takes over their technologies. Apple has declined to comment on the report.