Bidness Tech - Apple Car Rumors Confirmed By A Hint Given By Company's Executive

Another hint has been given by the management of the Californian Company about the upcoming Apple Car that it might be working on.

Analysts who were previously waiting for Apple Inc to show some signs whether the firm is working on a car or not have now received a good reason to be excited about. In the most recent press release that was made by the vice president of operations of the company, Jeff Williams was seen stating clearly that the $200 billion cash reserves that the iPhone makers have are going to be used for a pretty good purpose: that is to build up the car. He said that a car is an ultimate product to be worked upon by the firm and this is one way it will be using up its cash reserves in a productive manner.

Reportedly, Jeff Williams also said that Apple will be looking over at all possible things that it could invest in and every kind of a category is going to be taken into consideration. The software giant Silicon Valley-based company has a command over making high technology laptops and smartphones, along with recently launched smart –watches.

The firm has its own software system, namely iOS which is provided to users in all the devices that the company creates. It has only been a few months that the tech giant has been rumored to be working on a smart car which has got the whole industry talking. Till now, these were just rumors to be taken into consideration, but since the Code Conference where Williams was seen to give a hint about a car being built by the Californian company, it has somewhat been confirmed.

Furthermore, Jeff Williams was seen to distract the attention of the audience by talking about Apple CarPlay instead, which also raised speculations among the analysts. He talked about how the software giant has been signing deals with automobile giants like General Motors Company along with Ford Motors and Hyundai Motor Corp. All these motor companies will be having the new Apple infotainment segment installed in their cars from next year and Williams was also seen saying that they are expecting Tesla Motors to join in soon.

Even though Apple has yet not been too obvious about the production of an Apple Car, analysts are of the opinion that the firm is just following its style of keeping their new products a much-awaited scheme for the fans. The same traditional style of the Californian Company has always been followed for its other products as well, which is why the analysts believe that these hints being given here and there is just a sign of the same tradition being followed by the management.