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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple critic Tile Inc acquired by Life360 in $205 mln deal

11/22/2021 | 07:00pm EST

Nov 22 (Reuters) - Tile Inc, a maker of tracking tags that was a vocal critic of Apple Inc, has been acquired by Life360, a location-sharing app maker.

The deal was valued at $205 million after Tile had raised $141 million in venture capital since its founding in 2012, a return of just 1.45 times invested capital.

Apple once carried Tile's tracking tags in Apple Stores. But in testimony before U.S. lawmakers last year, Tile executives said Apple began to distance itself from the startup company because it was readying its own tracking tag product.

Tile executives said Apple implemented technical changes that made it harder to pair its products with iPhones.

The rival Apple product - $30 AirTags, tiny devices meant to be attached to keys or other valuables - is more seamless for iPhone owners to use than third-party devices like Tile unless the third-party companies use special tools provided by Apple.

Apple says those tools are designed to protect the privacy of its users by preventing third-party tracking tag companies from amassing data on users.

Tile said that using Apple's tools would prevent it from having its own app and make its business model infeasible.

Tile still makes tags that work with both Apple and non-Apple devices, although they have less functionality than AirTags when used with iPhones because of Apple's rules.

Under the deal Monday, the companies said that Tile will continue under its own brand identity under the leadership of Tile CEO CJ Prober, who will also join the Life360 board of directors. The two companies said Tile's team of employees is expected to remain in place. (Reporting by Stephen Nellis in San Francisco; editing by Richard Pullin)


ę Reuters 2021
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 394 B - -
Net income 2022 99 601 M - -
Net cash 2022 57 656 M - -
P/E ratio 2022 28,0x
Yield 2022 0,55%
Capitalization 2 782 B 2 782 B -
EV / Sales 2022 6,91x
EV / Sales 2023 6,52x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 43
Last Close Price 170,33 $
Average target price 187,77 $
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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