Apple confirms $1 bn investment in SoftBank
"Apple is planning to invest $1 billion in SoftBank`s Vision Fund. We have worked closely with SoftBank for many years and we believe their new fund will speed the development of technologies which may be strategically important to Apple," the company said in a statement.
The fund is a joint effort between SoftBank and the government of Saudi Arabia`s Public Investment Fund (PIF) that reportedly seeks to invest in emerging technologies. Photo: Reuters