At a recent research note, reputable Apple analyst Ming-Chi Kuo wrote that the tech giant could postpone the launch of its electric car to 2028 or afterwards. Kuo has already been known as the “most precise Apple analyst in the Earth,” and also might have more insight into the Apple Car endeavor.
According to MacRumors, Kuo out of TF Securities noted it is far too premature to be excited about the Apple Car. He estimated that the Apple’s electric car could start by 2025 to 2027 in the oldest, only if everything goes well. Otherwise, a launch of 2028 or afterwards may be feasible.
“We predicted in a prior report that Apple will start Apple Car in 2023–2025 […] Howeverour latest poll indicates that the present development schedule of Apple Car isn’t clear, and when development starts this season and everything goes well, it is going to be established in 2025–2027 in the oldest. Because of changes in the EV/self-driving market and Apple’s high-quality standards, we wouldn’t be surprised when Apple Car’s launch schedule is postponed to 2028 or afterwards,” Kuo wrote.
TSLA bull explains the Apple Car is not a hazard to Tesla’s market share
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He observed that Apple has competitive advantages, but has had trouble launching new businesses earlier. Kuo cited examples of Apple products that have failed to become massive successes so far, like the HomePod and HomePod mini. He also explained that the organization has lots of catching up to do when it has to do with autonomous driving data.
“The market has high expectations for Apple Car. However, we remind investors that although Apple has many different competitive advantages, it isn’t always effective in new small company. As an instance, Apple didn’t input the wise speaker marketplace. The demand for HomePod and HomePod mini were lower than anticipated, and the growth of new smart speaker models had been temporarily suspended. The competition in the EV/self-driving car market is fiercer than that for clever speakers, so we believe it’s dangerous to leap to the end that Apple Car will succeed,” he wrote.
“If Apple Car would like to succeed later on, the crucial success factor is large data/AI, not hardware. One of the most significant concerns concerning Apple Car is when Apple Car is established, the present self-driving car manufacturers have accumulated a minimum of five decades of data that is big and be conducive to profound learning/AI. How does Apple, a latecomer, overcome this lagging gap? ”
The Apple analyst considers the sector is “overly picky ” concerning the Apple Car’s schedule and proposed investors to avoid purchasing stocks associated with the company’s electric passenger car undertaking. Kuo is regarded as a trusted Apple analyst due to his close ties with all the tech giant’s supply chain. So far, he has correctly predicted the 11-inch MacBook Air, the iPhone 6S’ 3D Touch attribute, both the iPhone X’s size, display, and glass back, and the versions of this iPhone 12 and iPhone 12 Pro lineup, among others.
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