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Apple buys Chomp Inc. for $50 million

Apple buys Chomp Inc. for $50 millionFebruary 24, 2012 | 14:54

Apple paid $50 million for Chomp Inc search system, which develops searching technologies for mobile devices.

The reason for the purchase is the fact that many users of iOS often criticize the App Store for imperfect searching mechanism. Buying the system, the company can upgrade the search engine.

Currently, there are more than 550 thousand mobile supplements in the Apple store and soon the number of downloads will reach 25 billion, Agency of Popular Information reports.


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