Apple revs up R&D spending amid iCar rumors

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Apple Car might be coming, but will it be special?
Apple Car might be coming, but will it be special?
Photo: Aristomenis Tsirbas/Freelancer

Apple may have reached peak iPhone this quarter after posting declining revenues for the first time since 2003, but rest assured the company is working on the next big thing. 

Tim Cook boasted about the amazingly innovative products coming down Apple’s pipeline, and the company’s latest spending figures show its throwing more money than ever at new ideas. 

BMW and Daimler put the brakes on Apple Car deal

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The BMW i3 was a crowd pleaser at CES 2014.
The BMW i3 was a crowd pleaser at CES 2014.
Photo: BMW

Talks between Apple and German carmakers Daimler and BMW have fallen apart, after Apple sought to strike a deal with the companies for its electric car project. 

BMW and Apple have been rumored to be talking about a partnership for nearly a year now. Apple supposedly wanted to use BMW’s i3 carbon fiber body as the basis for its car but it appears that the company will have to go solo for now. 

New Macs? One more thing? Catch our March 21 event predictions on The CultCast

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Tim cook
Will Apple's March 21st event include the rare and revered "One more thing"?
Photo: Forbes

This week on The CultCast: Will we see new Macs? Perhaps the elusive “One more thing”? Don’t miss our March 21 Apple event predictions and expectations. Plus: How Instagram is about to be ruined; reports of an Apple Car price and ship date surface; why pirates are excited for the AyeCar; and some new iPhone 7 leaks echo familiar rumors.

Our thanks to Squarespace for supporting this episode. It’s simple to build a website that looks beautiful on any device at Squarespace.com. Enter offer code CultCast at checkout to get 10% off.

Conspiracy theorists think Apple owns this mysteryious car company

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Is Apple behind Faraday Future?
Is Apple behind Faraday Future?
Photo: Faraday Future

A new electric car company has revved up Apple Car conspiracy theorists who think the mysterious automaker may actually be a shell company for Apple’s automotive ambitions.

Faraday Future has already pulled in $1 billion in investments and is stocking up on top Tesla talent (just like Apple), but little else is known about the new company that currently boasts over 400 employees with plans to add 100 more of the best automotive engineers and designers in the world before the end of the year.

Take a look at the rendering of their future car: