Apple Acquires Anobit, Israel Based Company

Posted on Jan 11 2012 - 8:54pm by Editorial Staff

Apple today confirmed the reports for its Israel-based flash memory Anobit company acquisition. The company products and technologies are already integrated into Apple’s iPhones and iPads. Steve Dowling, Apple’s spokesman confirms that the acquisition had taken place. He did not disclose the amount of the deal but with the last month’s report, suggest price for Anobit had been around $350-400 million.

Buying Anobit, as Apple plans to sets its development center in Israel focusing on to gain access to its technology, and to boost its chip memory and improving its device reliability. With the acquisition, anobit’s website today went offline and the people going on the company website will be welcomed with a “Service Unavailable” message.

(Via)

About Apple Inc:

Apple Inc. formerly Apple Computer, Inc., founded on April, 1976, is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company’s best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.