Apple makes very strategic investment of $ 3.9B

So apple are reportedly busy with spending, They have just cited making a ‘Very Strategic’ investment deal of $3.9B for an unknown component supply. Tim cook interim CEO of apple had this to say “We think that was an absolutely fantastic use of Apple’s cash, and we constantly look for more of these, and so in the past several quarters we’ve identified another area… these payments consist of both prepayments and capital for processes and tooling, and similar to the flash agreement, they’re focused in an area that we think is very strategic.” This is very interesting news and marks a gain for Apple as whatever it is they are investing is must be very big, The rumor mill is running on this one and guesses just keep coming in, Most seem to be the high density display’s for iPad and iPhone. Lets hope they spill the beans on it soon if ever!

Craig O'Sullivan

Creator of Passionate about Technology and always looking for that next cool gadget or app

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