Several decisions by Apple confirm that this year there would be an important advance with respect to the development of the Apple Car. And that yes or yes it implies the association with a manufacturer. Not much else is known about which company would be chosen or terms.
Still, a report shared by Appleinsider has risked predicting Apple’s increased earnings, thanks to the Apple Car.
Principal analyst Harsh Kumar presented Piper Sandler’s framework for a possible “Apple Car” launch. The document foresees that this product could become a solid source of hardware revenue for Apple, possibly generating $ 50 billion by 2030.
“In general, we believe that Apple’s entry into the automotive market makes a lot of sense. Like its other hardware offerings, the company can enter the market at a time of maximum technological disruption while avoiding the risk of market formation.
Not forgetting other possibilities, such as the fact that Apple may choose to make its automotive debut on a smaller scale with an updated CarPlay system or a vehicle user interface for use in cars from other manufacturers.
Kumar says he hopes Apple Car is powered by a “full-fledged Apple brand electric vehicle”, with which Apple would control all aspects of design and software.
How much would Apple earn from the Apple Car?
Drawing on other reports, Kumar points out that Apple may be targeting 100,000 vehicle production in 2024. As a result, it could generate around $ 5 billion in revenue with just under 0.1% of the market. If it reaches a 1% market penetration by 2030, it could grow to $ 50 billion.
The fact that Apple has been investing so many years in developing the Apple Car, and only so far, has started its search for a manufacturer, is good reason to believe that it has on its hands. solid technology compared to its rivals.
Of course, before reaching this point, Apple will have to convince a manufacturer. So far, his obsession with secrecy with regard to his suppliers, does not seem to convince the heavyweights of the automotive industry.
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