Sign up for the NEWS newsletter

You have been successfully added to our newsletter.

Let our news meet your inbox

Apple's Tim Cook: Car Industry Ready for 'Massive Change'

by Keith Wagstaff /

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

Is there an Apple Car in the works? Company CEO Tim Cook didn't divulge that, but he did say that the auto industry is headed for "massive change."

Speaking on Monday at WSJDLive, the Wall Street Journal’s technology conference in Laguna Beach, California,, Cook touched on several topics, including Apple Music, privacy issues and the new Apple TV.

He didn't exactly quash or encourage chatter that Apple is building a car.

"We'll see what we do in the future," he said, adding " I do think that industry is at an inflection point for massive change. Not just an evolutionary change."

That change, he said, includes improved software, autonomous driving, and electric power.

Cook also gave an update on Apple Music. The music-streaming service, which launched in June and costs $9.99 a month, now has 6.5 million paying subscribers. While that puts it firmly behind Spotify's 20 million, Cook called it "pretty good performance" and said that it "implies that around 60 percent of users who trial the service go on to pay for it."

He also said that the new-and-improved Apple TV will go on sale Monday, October 26, and will ship out to customers later that week. Revealed in September, the latest version of Apple's set-top streaming device includes a touch-sensitive remote, voice search and more for $149.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.