Apple Inc. (AAPL) confirms acquisition of LED company LuxVue
Apple Inc. (NASDAQ:AAPL) has confirmed that it has acquired low-power LED technology company LuxVue. When Apple is asked whether it has acquired a company, it provides the same generic statement to the press if it is true without officially confirming anything. That statement is: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” Apple CEO Tim Cook noted in last month’s earnings conference call that the company has acquired 24 companies in the last 18 months. Apple only discloses purchases when it has to. LuxVue has raised several rounds of venture capital, including $25 million raised in December.