It has been reported that Apple Inc. (NASDAQ:AAPL) is acquiring Israeli flash
memory maker Anobit. Apple Inc. (NASDAQ:AAPL) Buying Memory Maker? According to
various reports, the US based technology giant Apple Inc. (NASDAQ:AAPL) is
planning to acquire Israel based fabless semiconductor maker Anobit for around
$400-500 million. With this move, the company is aiming to improve the memory
performance of its smart phones and tablet computers. Apple Inc. (NASDAQ:AAPL)
is already using Anobit's technology in the iPhone, iPad and the MacBook Air.
However, Apple Inc. (NASDAQ:AAPL) has not officially confirmed the reports yet.
Apple Inc. (NASDAQ:AAPL) shares were at 379.87 at the end of the last days
trading. Theres been a 1.1% movement in the stock price over the past 3 months.
Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.16 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
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