NEW YORK (AP) — Apple confirmed Wednesday that it has bought Anobit Technologies, an Israeli maker of flash memory technology already used in many of Apple’s gadgets.
Apple Inc. spokesman Steve Dowling said that Apple buys smaller tech companies from time to time, but generally does not give a reason why. The company did not say how much it paid for Anobit.
Anobit could not be reached for comment after business hours in Jerusalem Wednesday.
Flash memory is used in digital devices such as cameras and music players. It’s lighter and more durable than memory used in computer hard drives. Apple’s iPhone, iPad and MacBook Air, which don’t have hard drives, rely on flash memory.
Bloomberg reported earlier that Apple had confirmed the deal. Apple doesn’t often announce acquisitions. It bought mobile advertising company Quattro Wireless in 2010, among other recent deals.
Shares of Apple, which is based in Cupertino, Calif., fell $2.14 to $421.10 in afternoon trading.