Apple Follows Intel, Increases Stake In Imagination Technologies

iPhone manufacturer Apple has snapped 2.2 million shares in Imagination Technologies, the company that manufactures the iPhone's graphic subsystem and produces PURE products as well. The transaction, worth £3.14 million, allows Apple to own 9.5 percent of the company and values it at roughly £240 million. Back in December 2008, Apple purchased a 3.6 percent stake which was worth £3.2 million and pushed the company's market capitalisation to...