Apple Inc. (NASDAQ:AAPL) Could Potentially Enter The Automotive Industry By 2020

While nothing can be said for sure, there has been signs in the past that Apple Inc. (NASDAQ:AAPL) is really thinking to get into the automobile industry. However, Apple has declined to comment anything on the matter and if experts are to be believed, the fact that Apple hasn’t formally declined their intentions about the automobile market. This suggests that there could be a few surprises from them.

Do analyst foresee a double-top for AAPL?

Though, there have been words from the tech community that suggests Apple Inc. (NASDAQ:AAPL) to be interested in making electric cars. Also, it is very likely that the iPhone maker could roll out its first car by 2020. It is also rumored that the car would be a self-driven.

But here is what we know so far, we know that Apple has increased its team of experts by hiring tech experts from fields such as robotics, battery, etc. Also, Apple has hired an executive named Johann Jungwirth, who formerly worked with Mercedes Benz, a well-known automotive company. Jungwirth led the Research & Development team in the German Automotive company.

Also, the company co-founded by Steve Jobs has been accused of playing dirty business by hiring a good number of engineers from the Massachusetts-based company, A123 Systems. It essentially designs and manufacture batteries, which are used in electric cars. A123 Systems has filed a lawsuit against Apple stating that Apple is trying to play dirty. Apple Inc. (NASDAQ:AAPL) is reducing the man force of themselves and “Apple is currently developing a large-scale battery division to compete in the very same field as A123.”

Apple has also hired a number of engineers from the automobile industry as well such as Tesla Motors Inc (NASDAQ:TSLA).

So while nothing can be said with confidence, actions of the Macbook makers strongly suggests that they have strong intentions of entering into automobile vehicles in the future.

About the Author

John is a special projects and general assignment reporter, noted for breaking several exclusive stories.

Leave A Response