With a stockpile of $246 billion in cash and securities, Apple has a lot of options for investing in recent business ventures.
A survey by investment bank Baird found that US consumers want Apple to focus its resources on making a car, while a Baird analyst says acquiring electric-car maker Tesla (TSLA) is another, and albeit unlikely,option, Investors.com reports.
Baird asked 3000 US respondents in an online poll what they would like to see Apple develop over the next five years. The largest percentage (21.6%) said they want Apple to obtain a car. Apple has been rumored for several years to be working on a car or technologies for self-driving vehicles.
Coming in a close second in the poll (19.5%) was for Apple to develop a Netflix-like streaming video service, or with a Baird analyst again suggesting that an acquisition of Netflix also remains an option.
The third-largest group (16.1%) want Apple to obtain a virtual reality headset,followed closely (16%) by a more advanced health care wearable. Further down the list were a smart domestic device like the Amazon Echo (11.7%) and a live internet video cable TV replacement (9.9%).
Source: tert.am