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Rumor has it: Apple to enter the auto industry | Canadian Insurance
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Rumor has it: Apple to enter the auto industry

Apple's biggest advantage is cloud technology

Rumor has it that Apple will enter the auto industry, but the company has neither confirmed nor denied the reports. It’s also unclear if the tech giant is looking to develop its own car, partner with existing manufacturers or concentrate on vehicles’ software and electronic components.

Apple’s top advantage, in addition to its $179 billion in cash, is cloud technology. The cloud consists of remote servers storing data and running applications, and cars could be the next iPhone or Apple Watch – just another way to plug into the cloud and access the information you need.

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