Apple Considering Cars, Medical Devices to Increase Revenue

Feb 19, 2014 12:45 PM EST | Matt Mercuro

Apple is looking into different ways to increase revenue, like cars and medical devices, to potentially offset slow iPhone and iPad sales, according to a report by The San Francisco Chronicle.

Apple's head of mergers and acquisitions, Adrian Perica, supposedly met with Tesla Motors CEO and founder Elon Musk at the company's headquarters during last spring, six months before German analyst Adnaan Ahmad penned the now famous open letter to Apple CEO Tim Cook suggesting that the iPhone maker look into purchasing the EV automaker.

"I know this is radical and potentially 'transformative' but this would radically alter Apple's growth profile," Ahmad wrote in the letter, according to Apple Insider. "In Elon Musk, you could strike up a partnership and obtain a new iconic partner to lead Apple's innovation drive."

Tesla and Apple have yet to comment on the meeting yet.

Apple is also considering medical devices and sensors that might be able to help predict heart attacks by studying the sound blood makes as it moves through arteries, according to Reuters.

Company Senior Vice President of Operations, Jeff Williams, has supposedly met with U.S. Food and Drug Administration chief Dr. Margaret Hamburg and Dr. Jeffrey Shuren, to talk about "mobile medical applications," according to The San Francisco Chronicle, citing the FDA.

Apple hasn't commented on that meeting yet either.

Most analyst predict that Apple will launch the iPhone 6, and perhaps wearable devices like the iWatch, during the second half of 2014.

Apple will likely release an Apple TV this year as well. 

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