Why Apple Doesn't Need Nest

NEW YORK (TheStreet) --

Common and, no doubt, good question after news that Google (GOOG) picked up Nest for $3.2 billion.

I'm sure rumors will surface (if they haven't already) that Apple (AAPL) was in the running for Nest.

Maybe. Maybe not. But, either way, I'm glad they didn't get Nest. And I reckon they didn't want the company that badly, if at all, anyway.

The moment Apple starts making large-scale acquisitions is the moment I start to (re)worry that Timothy D. Cook has run out of ideas. That he doesn't have a way forward at Apple.

Spending $3.2 billion on another company would be incredibly out of character for Apple. That's why I just don't see the sense in calls for Apple to pick up Yahoo! (YHOO), Netflix (NFLX) or any entity bigger than a small startup.

Remember Apple Will Disrupt And Destroy When Its Ready. It will do so on its own terms. And it will be homegrown, so to speak.

Apple hasn't come out with a brand new product in quite some time now. But that doesn't mean it has stopped innovating. We have seen one flavor of innovation with the best in breed, way better than what came before it iPad Air. And there's likely another, more familiar and exciting type of innovation going on at Apple behind the scenes. Just because we don't know what it is doesn't mean it doesn't exist.

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