“In the company’s conference call Tuesday, CFO Luca Maestri said the company has a ‘much broader portfolio’ of internal initiatives and projects that includes more ‘in-house technology development’ than it used to have,” Gallagher reports. “Presumably this includes Apple’s widely rumored electric car project.”
“Most of these efforts won’t bear fruit anytime soon – at least not soon enough to appease investors who cut nearly $35 billion off Apple’s market value Wednesday,” Gallagher reports. “But it is a sign the company isn’t just waiting to dial up the next iPhone.”
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MacDailyNews Take: A little birdy tells us that, when it comes to what you’ve seen so far from Apple, you’ve hardly seen anything yet.
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