Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Are Apple’s Recent Acquisitions a Sign of the Company’s Lack of Innovation?

by admin
July 29, 2014
in News, Uncategorized
Home News
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

This June has been a busy month for Apple. While Apple’s acquisitions have historically been low-key affairs, this month has seen the tech giant make three significant announcements: Apple’s partnership with IBM and its acquisition of two streaming media startups, BookLamp and Swell.

Last Friday, it was reported that Apple acquired BookLamp, a startup based in Idaho that specialises in book analytics, for a fee of somewhere between $10 million and $15 million. BookLamp’s most well known product, Book Genome Project, uses natural language text analysis to suggest other relevant book titles, accounting for favoured genres, the length of the book, and other factors. As TechCrunch describe the technology,

“It could, for instance, recommend “The Templar Legacy” by Steve Berry for fans of Dan Brown’s “The Da Vinci Code” because they both feature ‘catholic institutions’, ‘history/academics’, ‘strategic planning’, and ‘libraries’.”

The announcement of Apple’s acquisition is significant. Currently, Apple’s iBook application does not focus on personalization, which its main competitor, Amazon, is famous for doing. The move is a sure sign of Apple’s intent to capture Amazon’s market share.

Only two days after, news broke that Apple had purchased talk-radio app Swell to bolster its iTunes radio music streaming service and Podcast app. The app lets users listen to unlimited personalized audio news and podcasts like NPR, BBC, CBC, TED and more. Through understanding its customer’s preferences and listening history, personalized playlist are created for users. The acquisition is believed to have cost the tech giant $30 million.


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Interestingly, some commentators have suggested that the tech giants recent purchases – including Beats headphone’s – are a sign of the company’s lack of in-house innovation. According to Jon Swartz, USA Today‘s San Francisco bureau chief,

“[Apple] decided it’s not going to invent everything. It’s going to acquire companies that are good and useful to it…They realize they can’t do it all themselves, and they have to reach out to others and just bring them in house.”

What’s your opinion on Apple’s recent acquisitions?

Follow @DataconomyMedia

Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!

[mc4wp_form]

(Image Credit: Nathan Borror)

 

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

January 27, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

January 26, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023
Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

January 16, 2023
What is DoNotPay AI Lawyer? The world's first robot lawyer ready to give $1 million to represent you. How does it work? Keep reading.

DoNotPay AI lawyer is ready to give $1 million for any case in US

January 12, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

How did ChatGPT passed an MBA exam?

AI prompt engineering is the key to limitless worlds

Transform your data into a competitive advantage with AaaS

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

Tome AI offers a new way to create presentations easily

Transforming data into insightful information with BI reporting

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.