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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST
Tesla model S car at the Frankfurt Motor Show.

Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow down, according to a report. 

Apple's Head of mergers and acquisitions, Adrian Perica, met with Tesla Motors Inc founder Elon Musk at the company's headquarters last year around the same time analysts suggested that Apple acquire the Model S electric car maker, the newspaper reported on Sunday, citing a source.

(Reporting by Soham Chatterjee)

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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST

The company is also exploring medical devices and sensors that can help predict heart attacks by studying sound blood makes at it flows through arteries.

The company's senior vice president of operations, Jeff Williams, has met with US Food and Drug Administration chief Dr. Margaret Hamburg and Dr Jeffrey Shuren, who oversees the agency's approval for medical devices, to discuss "mobile medical applications," the paper reported, citing FDA records.

Apple could not be reached for comment.

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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST
Google founder Sergey Brin wears Google Glass in New York.

Rival Google Inc recently bought thermostat maker Nest Labs for $3.2 billion, robot maker Boston Dynamic and artificial intelligence startup DeepMind Technologies Ltd.

The company has also been working on projects including Google Glass and self-driving cars.

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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST
A woman holds a new 'iPad mini' on the morning of the tablet's launch in the Apple Store in Covent Garden, London.

Investors hope that Apple, which last came out with a new device - the iPad - in 2010, has something up its sleeve for 2014. Speculation currently revolves around a smartwatch or even a long-rumored TV product. 

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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST
iPhone 5s.

Apple is expected to launch the iPhone 6, a mid-range smartphone, and may also launch wearable devices such as iWatch, in the second half of the year.

Others say Apple can use its huge iPhone and iTunes base to get into mobile payments or advertising. 

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Apple looks at cars, medical devices as iPhone sales fall

February 19, 2014 12:52 IST

Apple reported lower-than-expected iPhone sales for the holiday shopping quarter and gave a weaker-than-expected revenue forecast.

The company has been ceding ground to Samsung Electronics Co and other rivals in China, its No. 2 market.

Source: REUTERS
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