iPhone, iPad… e-Car?

Apple hopes to develop an electric car by 2020, insiders are saying. This could kickstart competition with Tesla and GM, two companies gunning for a 2017 release of an electric car that can travel 200 miles on one charge.

Last quarter, Apple posted a record profit of $18 billion U.S. and is sitting on $178 million in cash.

Take a look at Bloomberg’s story “Apple Wants to Start Producing Cars as Soon as 2020” for more details.

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