Apple has reportedly agreed to by AuthenTec, a company that specializes in fingerprint authentication technology, for $350 million, or 58% over market value on Thursday. Saabira Chaduri of the Wall Street Journal says:
On their website, AuthenTec describes themselves as:
Their Mobile Smart Sensors page, AuthenTec talks about their smartphone offering:
The Samsung Galaxy S3 is listed as using the AuthenTec VPN client, HBO Go as using their DRM, and more.
AuthenTec also offers mobile payment security angle at play as well. Hmmm....
Apple had $117 billion in the bank as of Q3 2012, so $350 million isn't much more than a rounding error. How Apple chooses to use AuthenTec technology in future products is the more interesting story. Anyone case to speculate?
Swipe will start reading your fingerprint before it lets you unlock?
Source: Wall Street Journal
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Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.