Report: Apple looks to cars and medical devices for future growth

Apple (NASDAQ:AAPL) CEO Tim Cook has promised that this year the company will unveil new product categories, which many technology analysts believe could include a new smart watch or TV offering. However, according to a San Francisco Chronicle report, which cited unnamed sources, Apple has much larger ambitions for future growth, and two areas that it seems intent on exploring are the automotive realm and medical devices. According to the report, Adrian Perica, the head of Apple's mergers and acquisitions department, met with Tesla CEO Elon Musk last spring around the same time analysts suggested Apple acquire the electric car company. The report suggested that a partnership is more likely between the companies than a direct takeover. Meanwhile, the report said Apple is looking heavily into sensor technology that can help predict heart attacks. Tomlinson Holman, a renowned audio engineer who invented THX and 10.2 surround sound, is leading an effort at Apple to find ways to predict heart attacks by studying the sound blood makes at it flows through arteries. Article

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