Other Departments At Apple Inc (AAPL) Complain Of Talent Loss To Project Titan
There are whispers that Apple Inc (NASDAQ:AAPL) is starving some departments with talents as its car project, called Titan, benefits from most of the resources. Senior managers at Apple are reportedly complaining about the talent drain to Titan, which has remained a mysterious project for outsiders. Although it was initially felt that Apple was simply interested in bolstering its connected car offerings, the company is likely going to become a car manufacturer.
Talent drain at Apple
Not everyone in Cupertino is happy with Apple Inc (NASDAQ:AAPL)’s secretive car project. They are not actually whispering that Apple will fail in its car attempts, but they complain that the project is starving some departments of talent. Reports indicate that senior managers at Apple aren’t happy with the continued loss of engineers to work on Titan.
Internal loss of talents by departments is something that hasn’t got managers complaining to this extent. For that reason, it looks all the more clear that Apple isn’t simply building computers for connected cars, but something bigger. All indications are that Apple is actually plotting to become a car manufacturer, targeting Tesla Motors Inc (NASDAQ:TSLA) in the electric engines space.
Apple poaching talents from outside
Apple Inc (NASDAQ:AAPL) is not only shifting engineers internally, but the company has also been hiring from outside. The company has reportedly poached engineers from Tesla to work on its secretive car project. Apple has also been accused of poaching electric vehicle battery experts from A123 Systems and Samsung Electronics.
Strong to compete in auto space
Given its vast financial resources, nearly $200 billion in the bank, nothing can stop Apple Inc (NASDAQ:AAPL) if it decides to venture into car production. In most cases, newcomers to the auto industry have been held back by huge capital requirements.
In the car business, Apple would be joining technology peer Google Inc. (NASDAQ:GOOGL), which has also been working on a driverless car.
Apple Inc (NASDAQ:AAPL) already offers CarPlay, a car operating system that is competing for dashboards against Google’s Android Auto. It is predicted that connected car will become a standard feature by automakers by 2016.
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