Fifty-nine companies have been acquired by Apple Inc. (logo pictured), an American multinational corporation with a focus on designing and manufacturing consumer electronics and software products. Apple has also purchased a stake in two companies. Apple's business philosophy is to acquire small companies that can be easily integrated into existing company projects. For example, Apple acquired Emagic and its professional music software, Logic Pro, in 2002. The acquisition led to the creation of the digital audio workstation software GarageBand, now part of the iLife software suite. The company made its first acquisition on March 2, 1988 when it purchased Network Innovations. It has also made five divestments, all in the 1990s, in which parts of the company were sold to another company. The company's largest acquisition was the purchase of Beats Electronics in 2014 for US$3 billion. In 2013, Apple acquired thirteen companies, more than in any other single year thus far. Of the companies that Apple has acquired, 44 were based in the United States. (Full list...)