(Reuters) – Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow, according to a San Francisco Chronicle report. Apples head of mergers and acquisitions, Adrian Perica, met with Tesla Motors Inc founder Elon Musk at the companys headquarters last year around the same time analysts suggested that Apple acquire the Model S electric car maker, the newspaper reported on Sunday, citing a source. The company is also exploring medical devices and sensors that can help predict heart attacks by studying sound blood makes at it flows through arteries. The companys senior vice president of operations, Jeff Williams, has met with U.S. Food and Drug Administration chief Dr. Margaret Hamburg and Dr. Jeffrey Shuren, who oversees the agencys approval for medical devices, to discuss mobile medical applications, the paper reported, citing FDA records.
Apple looking at cars, medical devices for growth – report
18
Feb
2014
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