In the most recent press conference that was held by Apple Inc on 9th March 2015, various questions were raised by the shareholders whether the company plans to take over Tesla Motors Inc (NASDAQ:TSLA) from the massive revenue that the company makes in every quarter. These questions, however, were completely ignored by the CEO of the company which created a feeling of doubt among the investors and created a feel of uncertainty among them about the future plans of the company.
Apple Inc scheduled the press release to launch it's new Apple Watch which is smart watch with many unique features that have not been offered by any other tech company before. During the press conference at the launch, many shareholders kept the topic of merging of the two companies alive by asking the CEO pressing questions about his plans for acquisitions but Cook was too smart to avoid the questions and the topic was hence dismissed.
One more question was raised by an Apple user who was also a Tesla fan and he inquired if the company had any plans to buy some stake in the auto making company to which Cook skillfully replied that he would like the auto-making firm to work with other automakers in the industry and collectively use the tech company’s new infotainment system for the cars called the CarPlay in which the car drivers will be able to connect their iPhones to the dashboard of their automobiles and freely make a video call to anyone, thus avoiding the real question.
According to the analysts at Bidness ETC, even though it is great to know that Apple is thinking about taking shares of Tesla, this will not work very well in the company’s favor as it is yet not automotive company and will take a lot of time to finally establish itself in the industry by which getting into the auto industry by taking the electric car makers’ shares will not be a wise move.
Many similarities between the companies have become evident in the past couple of years and this is a fact that cannot be denied. The most prominent of the similarity between the two giants is that both have been bringing huge changes to their particular industries by being extremely innovative in whatever that they do.
Nevertheless, both the companies have different aims and goals which are why the decision of a merger has been deemed as improvident.
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