Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Apple Car doesn't require Tim Cook to build an auto-assembly line

Apple Car doesn't require Tim Cook to build an auto-assembly line

The long-rumored Apple Car is reportedly in the works, but it likely won’t be the stand-alone vehicle that fans of the tech giant are hoping for, according to Wall Street analysts.

While Apple’s so-called Project Titan, its autonomous vehicle initiative dating to 2014, has set a goal of producing a stand-alone vehicle by 2024 with "breakthrough" battery technology, according to Reuters, analysts don't believe that means CEO Tim Cook will move into vehicle production from the ground up.

The chances of Apple releasing its own vehicle by 2024 are just 35% to 40%, “given the Herculean-like auto-production capabilities, battery technology ramp, financial model implications, and regulatory hurdles involved in such a game-changing initiative,” wrote Dan Ives, an analyst at Wedbush Securities. He noted an autonomous vehicle would take even longer to make due to safety and regulatory issues.

There are methods short of an auto-assembly line that the iPhone maker could use to gain entry into the market, however.

Ives sees Apple forming a strategic partnership with an established player like Volkswagen or Tesla, whose CEO, Elon Musk, approached the tech giant about buying the electric-car maker when it was struggling financially in 2017.

Such an approach is also being considered by Chinese tech giant Baidu, according to a recent Reuters report.


Goldman Sachs analyst Rod Hall believes Apple might go the route of services provider – much the same strategy the company used with television – despite its edge in integration capabilities and ability to create software and hardware.

Tech companies want to be in the auto business “due to the large amount of time future consumers are likely to spend in self-driving vehicles using information services as they make their way from point A to point B,” Hall wrote.

But while the electric vehicle space could grow to $1 trillion over the next decade, providing a massive opportunity, the auto industry's profit margins are lower than technology, he noted. That might make the services model more appealing to Apple.

Additionally, both Apple fans and investors should be warned that many products/strategic ideas that happen in the labs “ultimately never leave the confines of Apple Park,” Ives pointed out.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×