Apple Car may come by 2028, says analyst Ming-Chi Kuo
By MYBRANDBOOK
Apple Car rumours have been doing the rounds for years. The news suddenly cropped up earlier this month after a report said the company is moving fast with its autonomous car project with a “breakthrough battery technology.” Even as the report pegged the Apple Car to release in 2024, Apple analyst Ming-Chi Kuo says the car will be officially launched between 2025-2028 at the earliest.
According to AppleInsider, Kuo also cautioned investors against the hype around the reports on an Apple Car. The analyst said purchasing shares of the companies involved in the project was a "knee-jerk reaction that could be short-lived.”
He further highlighted that there was uncertainty around the launch schedule as well as there is no clarity on "Apple's competitiveness in the EV/self-driving car market”. “Due to changes in the EV/self-driving market and Apple's high quality standards, we would not be surprised if Apple Car's launch schedule is postponed to 2028 or later," Kuo wrote in a note.
The analyst also played down the possible specifications and suppliers mentioned in some of the recent reports. He said that these were mere speculations by the market and “do not involve actual Apple Car suppliers.”He also pointed out that it was too early to talk about the final specifications as the nature of tech specifications were still evolving.
Kuo, however, also highlighted some positives of Apple venturing into the autonomous car project. He said that the biggest strength of Apple is going to be big data or Artificial Intelligence instead of hardware.
That said, Kuo’s analysis does not completely reject the recent reports on Apple Car. It is worth noting that different analysts and industry watchers have come up with different timelines for the commercial roll-out of an Apple Car. For instance, Goldman Sachs recently talked about 2024 timing.
The Apple car programme, also known as Project Titan, has been in development for years. The company has also acquired relevant startups and hired experts to accelerate the project.
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
DELL TECHNOLOGIES INDIA PVT. LTD.
BEETEL TELETECH LTD.
RAMCO SYSTEMS Ltd.
DRUVA SOFTWARE PVT. LTD.
Technology Icons Of India 2023: Anant Maheshwari
As President of Microsoft India, he is responsible for Microsoft’s o...
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...