Jony Ive Sells io Products to OpenAI for $6.5 Billion in Stock Deal
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Transaction Scale: Jony Ive sold his startup io Products to OpenAI in a $6.5 billion all-stock deal, marking a strategic focus on innovative hardware integration by OpenAI, which could impact Apple's market standing.
- Market Reaction: Following the announcement, Apple's share price dropped over 2%, reflecting market sensitivity to the anticipated developments in new AI hardware and the mixed reactions within the tech industry.
- Technological Transition: This acquisition signifies Ive's shift from Apple to new technology ventures, potentially driving revolutionary advancements in AI hardware solutions that could disrupt existing platforms.
- Industry Outlook: Observers suggest OpenAI's strategy may ensure independence from Apple and Google platforms, presenting new opportunities while also considering the historical challenges faced in high-tech collaborations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
