Apple Car most likely won't come before 2028: top analyst

A prominent Wall Street analyst says investors shouldn’t hold their breath for an Apple car any time soon. Ming-Chi Kuo said in a resear...



A prominent Wall Street analyst says investors shouldn’t hold their breath for an Apple car any time soon.

Ming-Chi Kuo said in a research note this week that the market is “too bullish” on reports of Apple getting into the automotive game, and called the rumored 2024 rollout extremely ambitious.

Indeed, Kuo said that he believes the earliest consumers might see an automobile from the iPhone-maker is 2025, with 2028 looking more likely.

Reuters reported last week that Apple has set a goal of 2024 to produce a passenger vehicle. Central to Apple’s car ambitions is a new battery design that could “radically” reduce the cost of batteries and increase the EV’s range.

“It’s next level,” one person said of Apple’s battery technology. “Like the first time you saw the iPhone.”

The report made shares of car part manufacturers spike last week, but Kuo has cautioned that the movements appear to be “only speculations by the market and do not involve actual Apple car suppliers.”

Apple’s efforts to get into the car game, dubbed “Project Titan,” kicked off in 2014, but the company later drew back the effort to focus on software and reassess its goals. Apple veteran, Doug Field, a former Tesla executive who started his second stint with Apple in 2018, laid off 190 people from the team in 2019.

Source link

COMMENTS

Name

Africa,727,Americas,3901,Art & Culture,14212,Arts,6331,Arts & Design,1522,Asia,3112,Automobile,414,Baseball,501,Basketball,399,Books,3723,Business,5164,Celebrity,2590,Cricket,602,Crime,119,Cryptocurrency,1386,Dance,586,Defense,794,Diplomatic Relations,2449,Economy,1006,Editorial,260,Education,1115,Elections,290,Energy & Environment,2987,Entertainment,22074,Environment,3467,Europe,4061,Faith & Religion,205,Family & Life,773,Fashion & Style,3083,Finance,18953,Food & Drink,3573,Football,1024,Games,73,Gossip,10244,Health & Fitness,3914,Health Care,869,Hockey,181,Home & Garden,878,Humour,948,Latin America,49,Lifestyle,16212,Media,489,Middle East,1396,Movies,1581,Music,2483,Opinion,2728,Other,11210,Other Sports,4865,Political News,11230,Political Protests,2277,Politics,17267,Real Estate,1684,Relationship,63,Retail,3067,Science,2470,Science & Tech,9477,Soccer,159,Space & Cosmos,274,Sports,11382,Technology,3266,Tennis,503,Theater,1559,Transportation,274,Travel,2437,TV,3527,US Sports,1432,Video News,3531,War & Conflict,1023,Weird News,953,World,15546,
ltr
item
Newsrust: Apple Car most likely won't come before 2028: top analyst
Apple Car most likely won't come before 2028: top analyst
https://nypost.com/wp-content/uploads/sites/2/2020/12/Apple-Logo.jpg?quality=90&strip=all&w=1200
Newsrust
https://www.newsrust.com/2020/12/apple-car-most-likely-wont-come-before.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2020/12/apple-car-most-likely-wont-come-before.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content