Friday Apple Rumors: Apple Eyeing Real Estate for Car Project

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William White Investorplace

Published

May 6, 2016 1:40AM EDT

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Here are your Apple Rumors for today:

Music : Apple ( AAPL ) is rumored to be sidelining the Connect feature in its Music service , reports 9to5Mac . This rumor claims that the company will be taking the Connect feature, which is currently a tab on Music, and integrating it with the "For You" section. This possible change means that the feature likely didn't perform as well as the company was hoping. It's believed that this change will occur when the revamped Music app is launched alongside iOS 10 later this year.

A11 : A new rumor claims that the A11 processor is almost out of the design phase , AppleInsider notes. According to this rumor, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) ( TSM ) is planning to have the processor ready for a possible iPhone 7s that is rumored for a release next year. Unnamed sources claim that certification for the process of making the chips will be ready in Q4 2016 and that samples will be sent to AAPL in the following quarter. It's believed that TSM has secured the right to make two-third of the A11 processors.

Car : A new report claims that Apple is looking for real estate to use in its car plans , reports The Wall Street Journal . This information comes from Hudson Pacific Properties Inc ( HPP ) CEO Victor Coleman, who said that several companies have been looking for real estate to test their autonomous cars at in the San Francisco Bay Area. He said that AAPL is currently looking for 800,000 square feet to use for its own Project Titan.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.