This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple iCar: 'Crazy Stuff'

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) is known for selling the iPod, iPhone, and iPad, but it could have also become famous for selling the "iCar."

Several reporters at the Apple and Samsung patent trial tweeted about Apple reportedly getting into a slew of new categories, including cars. The New York Times' Nick Bilton tweeted "Phil Schiller on stand said before making the iPhone, there was discussion ofApple making a camera or a car -- 'crazy stuff,'" Bilton tweeted from San Jose, Calif.

During his testimony at the trial, Phil Schiller, Apple's senior vice president for worldwide product marketing, referenced the days when Apple considered developing a car.

In Bilton's more extensive report, he elaborated on Schiller's remark:

"First, Apple had been known for years for the Mac. Then we had a big hit called the iPod -- it really changed the view inside and outside the company," Mr. Schiller said, adding that Apple began looking at other products it could build. "People were suggesting every idea: make a camera, make a car -- crazy stuff."

Finanical Times' reporter Tim Bradshaw also tweeted the curious comments from Schiller, noting that after the iPod became a hit, people suggested all kinds of different products for Apple to make.

Apple did not immediately respond to TheStreet's request for clarification on this report.

Apple shares were up 1.25% to $615.10 in Friday trade.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%
TSLA $205.27 0.00%
YHOO $44.66 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs