Updated from 2:01 p.m. to include comments from Cook about Apple increasing dividend.

Apple (AAPL) - Get Report may be about to go on a buying spree of some smaller technology companies, particularly if the stock market takes another leg lower.

At Apple's shareholder meeting in Cupertino, Calif., CEO Timothy D. Cook said that with falling share prices, Apple may be able to find deals in the startup market.

Apple acquiring companies is nothing new. On the company's 2015 fiscal fourth-quarter earnings call, Cook said Apple "completed 15 acquisitions to enhance and accelerate our road map for products and services." Cook updated that on Friday, saying Apple had purchased 19 companies in the past 15 months.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.

Exclusive Look Inside:
You see Jim Cramer on TV. Now, see where he invests his money and why Apple is a core holding of his multi-million dollar portfolio.

Want to be alerted before Jim Cramer buys or sells AAPL?Learn more now.

On Apple's fiscal first-quarter earnings call, held in late January, Cook mentioned falling asset prices. Some took that to mean that Apple may acquire land or other types of assets. But that may not be the case.

"Obviously, from a cost point of view, the downside of economic stress is that some asset prices get cheaper -- commodity prices get cheaper -- and that sort of thing," Cook said. "And so I think this is exactly the period that you want to invest and do so confidently."

Cook, who has been in the news more than usual as Apple fights against the FBI, also said that he continues to see India as a growth area for Apple.

The 55-year old CEO was asked about a potential Apple car, which has been rumored about in the past. After joking he should've called on someone else, Cook said that the night before Christmas is always exciting, as you don't know what presents are there under the tree, but noted that it was "going to be Christmas Eve for a while."

Cook also promised to increase the dividend every year, a sign that may give shareholders some confidence, given the 25% decline in the shares over the past year. Apple shares yield 2.1%, slightly more than the 1.7% yield on the 10-year U.S. Treasury bond.