Apple Inc (AAPL) Buying Technology Essential to its iPhone Franchise Empire

NASDAQ: AAPL | Apple Inc. News, Ratings, and Charts

AAPL – The company has swung a massive deal with Dialog Semiconductor.

Apple Inc. (NASDAQ:AAPL) has just made a major deal with a German-listed company that will help the company to lock in technology that’s crucial to its iPhones. 

Reuters has the details on Apple’s deal.

Apple Inc is buying the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company’s role as a supplier to the U.S. tech giant.

The agreement to acquire patents and people from the Anglo-German chip designer is not only unusual, but also the largest of its kind by Apple, whose last sizeable acquisition was the $350 million purchase of Face ID creator PrimeSense in 2013.

As part of the deal, Apple will acquire patents, a 300-person engineering team, and offices in Britain, Italy and Germany.

“Dialog has bought itself much more than just time,” said Bankhaus Lampe analyst Karsten Iltgen. “Its Apple business has been clearly defined and put on a sound long-term footing.”

Apple Inc. shares fell $3.44 (-1.59%) in premarket trading Thursday. Year-to-date, AAPL has gained 29.32%, versus a 5.65% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a POWR Rating of B (Buy), and is ranked #2 of 28 stocks in the Technology – Hardware category.

AAPL at a Glance

AAPL Current POWR Rating™
Overall POWR Rating™
AAPL Current Price $170.42 0.22%
More AAPL Ratings, Data, and News

AAPL Price Reaction

The day of this event (Oct. 11, 2018)
AAPL Closing Price$212.79 0.88%
AAPL Volume53,538,296
75.12% from avg
Leading up to this event
AAPL 1-mo return3.35%
After this event
AAPL 1-day return2.59%
AAPL 3-day return2.61%
AAPL 5-day return0.16%

AAPL Price Chart

The Top Stocks For 2019

More Apple Inc. (AAPL) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AAPL News
Page generated in 0.5786 seconds.