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Apple planning to ‘move into electric cars’

New rumours suggest Apple may be considering entering the EV market.

Apple may be moving into electric cars, after the company’s chief of mergers and acquistions Adrian Percia met with Elon Musk, the CEO and founder of electric car maker Tesla, in the spring of 2013.

Apple EV cars
Apple EV imminent?

The move could be an attempt to “radically alter Apple’s growth profile”, according to German banking analyst Adnaan Ahamd. He added: “In Elon Musk, you could strike up a partnership and obtain a new iconic partner to lead Apple’s innovation drive.” 

Earlier this week, we learnt a little more about the much rumoured Apple iWatch – a smart watch with a focus on healthcare, able to track blood flow in a user’s arteries and predict heart attacks. Apple has revealed that its spent $525 million on deals over the past 12 months, which is almost double the amount it had spent in the previous year. 

Bill Kreher, an analyst with Edward Jones Investments in St. Louis, said: “[Apple] need the next big thing.”

Do you like the sound of an electric car created under Apple? Leave your opinion in the comments below.

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