Apple Inc. (AAPL) Explores Other Industries

apple targetApple Inc. (NASDAQ:AAPL) increased from 535.96 at closing on Tuesday, Feb. 11, 2014, to 545.99 at closing Tuesday, Feb. 18, an increase of 1.68%.


This was in line with the overall market — a bit lower than NASDAQ (which increased 1.95% during that time period), but higher than the Dow (0.85%) and the S&P 500 (1.15%).


Could Apple be thinking of getting into the iCar business?


An article published Sunday in the San Francisco Chronicle created a lot of buzz when it suggested that might be the case.


The article, citing unnamed sources, said that Adrian Perica, the head of mergers and acquisitions at Apple, secretly met last year with Elon Musk, the CEO of Tesla Motors Inc (NASDAQ:TSLA), the manufacturer of electric vehicles whose stock has been on fire.


The article triggered speculation that Apple might want to either acquire Tesla or collaborate with it on a new car.


That might be a long shot, but the meeting of the two companies is certainly interesting, as they share a good deal of common ground.


Both are innovators in their respective fields that give priority to beautiful design and to creating exceptional user experiences.


Another possibility generating buzz is that Apple’s long-awaited iWatch might be able to predict heart attacks.


According to the same Chronicle article, Tomlinson Holman, the audio engineer who created THX, is leading an attempt to create a sensor for Apple that could predict heart attacks by tracking the sound that blood makes when it flows through arteries.


If this works, then iWatches could save lives by warning people of impending heart attacks in time for them to seek assistance.


This could potentially give the devices enormous mass appeal, especially to the huge baby boomer segment of the market, and might help blast through the resistance that has greeted earlier attempts by other companies to introduce wearable computers.


There was another sign this week that Apple wants to get into the health-monitoring business. 



(...)Click here to continue reading the original ETFDailyNews.com article: Apple Inc. (AAPL) Explores Other Industries

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)





Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks