360° Coverage : Is iCar next? Is Apple Buying Tesla?

1 Updates
Is iCar next? Is Apple Buying Tesla?
Photo Credit: paranoias

Is iCar next? Is Apple Buying Tesla?

Oct 30 2013, 2:37pm CDT | by

Everyone is expecting Apple to come up with a next killer product. Some analysts believe that it should be the iCar

The London-based analyst Adnaan Ahmad wrote a letter to Apple chairman Arthur Levinson and Chief Executive Tim Cook, suggesting that Apple should buy Tesla, an electric car maker. Ahmad, who works...

Filed under: rumors

YouTube Videos

 
 
 

50 weeks ago

Is iCar next? Is Apple Buying Tesla?

Oct 30 2013, 2:37pm CDT | by

Everyone is expecting Apple to come up with a next killer product. Some analysts believe that it should be the iCar

The London-based analyst Adnaan Ahmad wrote a letter to Apple chairman Arthur Levinson and Chief Executive Tim Cook, suggesting that Apple should buy Tesla, an electric car maker. Ahmad, who works for the German investment bank Berenberg, explained in his letter that Apple would get from moving into the auto industry the kind of growth of revenue that is not possible nor is sustainable from smartphones or other devices, at least not in a long run.

Ahmad explains that Apple’s move into cars could possibly revitalize US car industry and would act as a catalyst necessary to speed up the transition to electric and hybrid vehicles. He is convinced that the strength of its brand and its reputation for "disrupting" different industries are what makes his bold plan logical.

Ahmad sees Tesla’s Elon Musk as innovative as the late Apple co-founder Steve Jobs. He stresses that both investors and analysts feel that Apple did not have the same presence since Jobs died two years ago. Iconic partner such as Tesla would lead to the new innovation drive that everyone is expecting from Apple.

Ahmad said that he expected his proposal to be ridiculed by some, but that he was convinced that Apple should look for an "out of the box" new market move. Sustaining abnormal margins currently possible in the iPhone business are just not sustainable.

So far there were no comments on the Ahmad’s suggestion from neither Apple nor Tesla.

Source: CNN Money

 

Don't miss ...

 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Apple Reveals iPad Mini 3 and Refurbished First-Generation iPad Mini
Apple Reveals iPad Mini 3 and Refurbished First-Generation iPad Mini
iPad Mini 3 and revamped first generation iPad Mini start at $399 and $249 respectively
 
 
Apple Reveals the New iPad Air 2
Apple Reveals the New iPad Air 2
The iPad Air 2 has been equipped with the A8X processor, M8 chip, upgraded camera, and the Touch ID fingerprint scanner
 
 
Panera Bread's Memo Reveals Apple Pay to be Launched on October 20
Panera Bread's Memo Reveals Apple Pay Launching on October 20
The service of Apple Pay is very likely to be released in the next week
 
 
iPad Air 2 and iPad Mini 3 Both Coming with the Touch ID
iPad Air 2 and iPad Mini 3 Both Coming with the Touch ID
A iOS 8 user guide suggests that Apple's new iPads will sport the Touch ID fingerprint scanner for the very first time
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla