When Apple CEO Steve Jobs resigned and was replaced by the then COO Tim Cook, many had speculated that following the change at the top, we could see some differences in the decisions made by Apple. As always, Apple tries to be one step ahead of all of its competitors, be it the smartphone or tablet market or the personal computing market. A yet to be confirmed rumour indicates that Apple had offered to buy Dropbox for $800 million but the increasingly popular startup has declined the offer.
Basically, Dropbox is a web based file hosting service which uses cloud computing to allow its users to not only store but to share their files and folders with however they wish too using the internet. All files uploaded to Dropbox accounts are kept in perfect sync. By default on signing up you are given 2GB of free storage which you can use to store your files and folders. A referral based program can give you as much as 8GB of free storage if you get enough people to join. There is also a paid model for those who wish to get even more storage and are willing to pay for it. Dropbox has many client softwares for majority of platforms including mobile ones like Android, BlackBerry and Windows Phone 7. The company was launched back in 2007 and has achieved immeasurable success in a short span of four years.
After having gained around $4 billion in a round of funding, Dropbox’s revenue for this year is expected to be $100 million. A very handsome revenue for a company that is relatively nascent in the market. If this source is to be believed, Apple saw this opportunity to strike gold and offered Dropbox $800 million however the company has declined their offer because they too think that this is just the beginning for Dropbox.
Apple on the other hand recently announced Mac OS X Lion. One of the major features of OS X Lion is the AirDrop feature which makes transferring files between Macs quite a lot easier. It seems logical for Apple to want to acquire a company that particularly works and specializes in that domain. However it looks like Apple would either have to offer an amount that Dropbox can not refuse or simply takeover one of many Dropbox competitors in the market.