Apple’s Annual Shareholders Meeting Sees Questions of Tesla Acquisition

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Following the Apple event, Tim Cook met today with the company’s shareholders at the headquarters in Cupertino to vote on proposals from both Apple management and others. Members of the press such as Fortune’s Philip Elmer-DeWitt and the Wall Street Journal’s Daisuke Wakabayashi were present at the meeting.

During the shareholder meeting, Tim Cook said the recently introduced ResearchKit isn’t about ROI: “This is not the lens at which we look at the world,” he said.

Speaking about China, Cook also reiterated Apple’s position in the market. You may recall that during the event, Apple’s CEO emphasized the company’s aggressive expansion plans in China. Apple opened 6 stores in six weeks in the country and plans to open 40 stores by mid-2016.

The meeting was great for an update on Apple’s recent acquisitions — although we don’t have names: the company has acquired 23 companies in 15 months while constantly looking for talent, IP, and other things that “are of interest,” Cook said.

Not so long ago, the Apple Car bomb exploded. Since then, we’ve heard a few tidbits from the WSJ and Bloomberg about Project Titan. As it turns out, shareholders want to buy Tesla outright, but that doesn’t seem to be part of the company’s future acquisition plans. Cook was careful about avoiding the question, but we understand that Apple wants the company to use CarPlay.

The meeting ended with some tidbits about the partnership with IBM. Tim Cook described it as like a “glove on hands.”

Technology enthusiast, rocker, biker and writer of iPhoneinCanada.ca. Follow me on Twitter or contact me via email: istvan@iphoneincanada.ca

  • Al

    Well, there’s a Tesla dealership inside Yorkdale, right across from the Apple store, so the location warrants the acquisition.

    But if Apple acquires Tesla, then they will likely come out with a $50,000 gold steering wheel, so….

  • sancheezy

    Apple is totally into buying Tesla simply because they have one location across the hall from a Tesla retail location in Onterrible. Your logic is super innovative.

  • Al

    I know, right!