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Apple Looks to Automobiles and Medical Devices to Fuel Growth

By Kenny Yeo - on 17 Feb 2014, 10:14am

Apple Looks to Automobiles and Medical Devices to Fuel Growth

According to various rumors and reports, Apple is anticipating a slowdown in the sales of smartphones and tablets and is looking at potential markets and opportunities to fuel growth.

Reports suggest that the company could be looking to acquire Tesla Motors. Adrian Perica, Apple's mergers and acquisitions chief, was said to have met with Tesla Motors owner Elon Musk last spring. That said, an acquisition seems unlikely as Musk has previously said to shareholders that "just as [his] money was first in, it will be the last out".

What is more likely, however, is a collaboration with Tesla Motors to build lithium-ion batteries. About a month ago, Musk said that he plans to build the world's largest battery factory with the partnership of "some other companies" to help bring electric cars to the mass market. Apple, of course, uses lithium-ion batteries in its smartphones, tablets and notebooks.

Additionally, there are other reports that indicate that Apple is looking to venture into the medical field. In 2011, Apple hired Tomlinson Holman, the audio engineer who invented THX and the world's first 10.2 surround sound system, and he is heading a team that aims to predict heart attacks by studying the sound blood makes as it flows through arteries.

Source: San Francisco Chronicle, 9to5 Mac


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