Apple Has Bought Over 100 Companies Over the Past Six Years, Tim Cook Tells Investors
Apple Chief Executive Officer Tim Cook fielded questions on mergers and acquisitions, the impact of Covid-19, and the company’s supply chain during a virtual shareholder meeting on Tuesday. From a report: Narrating a slide show, Cook summarized many of the company’s new products and initiatives announced over the past year. He spoke about the latest iPhones and the growing potential of the Apple Watch, while noting that the AirPods Max headphones have quickly become “hugely popular” with users. He also discussed Apple’s efforts to combat the pandemic, climate change, and the San Francisco Bay Area housing crisis. During a question and answer session, Cook said Apple is on track to meet its environment goals, including becoming carbon neutral by 2030 and transitioning its products to using recycled materials. He also reiterated Apple’s recent privacy changes, including an imminent plan to limit ad targeting on its devices. Cook said the company bought almost 100 smaller companies over the past six years and makes a deal about every three to four weeks. Asked about gender pay equity, the CEO said Apple pays men and women equally across the world and has stopped asking applicants about their salary history to help ensure equity.

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