Apple CEO Tim Cook announced the company is seeking mergers and acquisitions to enhance its strategic direction. Despite having $133 billion in cash, Apple has historically approached dealmaking cautiously. The company's stock has declined by about 10%, raising investor concerns about its competitive position, especially in AI. Cook emphasized the need for Apple to respond to these pressures and indicated the company’s willingness to consider acquisitions, including smaller companies, as it aims to reinvigorate its growth strategy.
Apple has about $133 billion of cash and is open to mergers and acquisitions that can accelerate its roadmap, according to CEO Tim Cook.
There's pressure on Apple’s leadership to respond to competitive challenges, particularly in the AI sector, acknowledging investor concerns about the company falling behind.
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