Don't Underestimate the Enormous Implications of Apple's Next Acquisition
The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior technology analyst Eric Bleeker describes some of the biggest news surrounding Apple in today's trading.
In today's edition, Eric looks at a recent patent ruling between HTC and Apple. Patents have become a bitter affair in the technology space, and with looming appeals and a mixed decision, Eric doesn't see this legal battle having any near-term impacts on the company.
However, today's most exciting news surrounding Apple today was more reports of a looming deal to acquire Anobit for $400 million to $500 million. Eric's a big fan of the deal, as it has the likely affect of furthering Apple's ability to save on component costs and continue the company's all-important pricing advantage over competitors. If you're an Apple investor, don't ignore this deal, because it points to the future of the company under Tim Cook.
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At the time this article was published Eric Bleekerowns shares no companies listed above. The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of Amazon.com and Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.