Apple’s Apple Car has recently caused a topic in the market, but Tianfeng Securities analyst Ming-Chi Kuo believes that the current market is too optimistic. Apple Car’s launch schedule, suppliers and specifications, and Apple’s competitiveness in the electric vehicle (EV) or self-driving car market. Under uncertainty, “Don’t buy Apple Car concept stocks at this time.”
Guo Mingchi released the latest report and pointed out that the recent surge in the stock price of Apple Car concept stocks is only a short-term phenomenon. Although Apple Car is not without a chance of success, with almost no transparency and visibility, the risk of buying Apple Car-related concept stocks is extremely high. .
The report mentioned that the current market is too optimistic about the Apple Car’s release schedule in 2024 or even next year. The Apple Car development schedule is currently unclear. Even if all development goes smoothly and the fastest, it will have to wait until 2025-2027, and Due to changes in the EV and self-driving car market and Apple’s high quality standards, it is not surprising that the release schedule of Apple Car will be delayed until after 2028.
Secondly, regarding the uncertainty of suppliers and specifications, Guo Mingchi said that the current so-called Apple Car concept stocks are only speculations by the market, not real Apple Car suppliers. In addition, the technical specifications of EVs and self-driving cars are still evolving, so At this stage, it is too early to talk about the final specifications of the Apple Car. If the Apple Car is predicted to be launched in 2025-2027 in the most optimistic scenario, the supplier and specifications will not have a preliminary decision until 2023-2025 at the earliest.
Finally, he pointed out that Apple’s competitiveness in the EV and self-driving car market is also a big uncertainty. Although the market has speculated on the possible hardware specifications of Apple Car, the key to success for Apple Car is not the hardware, but the big data and AI. So far, Apple has not shown significant related advantages in existing products.
Guo Mingchi emphasized that the market has high expectations for Apple Car, but Apple’s new business has not been smooth sailing. For example, when it entered the smart speaker market in the past, the demand for HomePod and HomePod mini were lower than expected, and the development plan for new products has been postponed.
While the EV and self-driving car market is more competitive than smart speakers, and when Apple Car is launched, the current self-driving car brands have accumulated at least 5 years of big data and are conducive to deep learning and AI. As a latecomer, Apple needs to overcome this The lagging gap will be the key to the success of Apple Car.
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