Apple ( NASDAQ: AAPL ) has markedly slowed the pace of acquisitions over the past two years, spending roughly $200M in fiscal 2021 and fiscal 2022, down from $1.5B in fiscal 2020, according to Bloomberg .
The news outlet, citing regulatory filings, noted that Apple ( AAPL ) has made only two known deals this year, Credit Kudos , and AI Music . Credit Kudos is an open banking credit reference agency, while AI Music helps generate customized music.
Apple's ( AAPL ) only known acquisition in 2021 was classical musical app Primephonic, presumably purchased to enhance Apple Music.
The news outlet added that Apple ( AAPL ) added language to its annual report last year that acquisitions are more difficult than in the past. The added risk stated that Apple ( AAPL ) could be impacted by "failing to obtain required regulatory approvals on a timely basis or at all, or the imposition of onerous conditions.”
The decline is in stark contrast to its larger tech brethren, including Microsoft's ( MSFT ) planned acquisition of Activision Blizzard ( ATVI ) for almost $69B and Amazon's ( AMZN ) two recent deal announcements, One Medical and iRobot ( IRBT ).
Last month, the Federal Trade Commission sued to block Meta Platforms ( META ) proposed acquisition of the virtual reality fitness app maker Within. It was recently reported that FTC head Lina Khan overruled her staff to sue Meta for the proposed $400M acquisition.
Apple ( AAPL ) was recently named one of the top three tech stocks going into the end of the year by investment firm Wedbush Securities .
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Apple has spent roughly $200M on deals in two years, down from $1.5B in 2020: report