Essentially Apple is accused of poaching a number of top employees from a now bankrupt battery development firm called A123 and developing essentially a battery intended for smartphones and a smartcar. "Further adding that Apple has also hired battery experts that previously worked at Toshiba, LG, Samsung, and Panasonic." If Apple are spending up big bucks to develop a game changer battery in house with longer life and faster charge than their competitors, they may be looking for something like what Anteo have just published a preview of. Imagine if suddenly the iPhone could hold charge for 4-times that of Samsung, LG etc.
Apple would have the smartphone market cornered and would be making advances on Tesla (or just buy them out). They could also then choose to on-sell their battery technology to other smartphone manufacturers, automotive, healthcare, consumer electronics, energy sector... list goes on.
Just food for thought. I've got to say I love that some large organisations like Apple and Tesla are finally competing in developing energy efficient and greener solutions than what we currently have. If this had happened 40 years ago, maybe our planet would be a lot less polluted.
ADO Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
