Apple Expected to 'Share Information' on Apple Car in Coming Months, Analyst Says

[MacRumors]

Apple can be expected to shed some light on its highly secretive internal project called "Project Titan," a codename for its self-driving car sometime in the next 3-6 months, according to Wedbush analyst Dan Ives.

Ives made the comments during a segment on CNBC Television, in which he reiterated Wedbush's belief that Apple will not actually release a consumer car until at least 2024. Ives says that even with a release years out, the company will need to release "some information" to "lay the groundwork for an Apple Car." Ives believes that Apple will open up publicly about its future car ambitions sometime this summer.

When pressed on the timeframe, Ives says that Apple needs to "find the partners" for its self-driving car, which concides with reports that the tech giant has been in talks to partner with several car manufacturers for the production of Apple Car.

Apple has reportedly been working on a self-driving car for the past number of years, and a flurry of reports in the past few months have further cemented the company's rumored car ambitions. The Apple Car, which Apple analyst Ming-Chi Kuo says will not be released until at least 2023, is expected to be produced and manufactured by a third-party contractor but remain an Apple-branded product.

More recently, a report out of The Korea Times suggests that Apple is "very near" to signing a deal with LG and Magna to build the Apple Car.

Article Link: Apple Expected to 'Share Information' on Apple Car in Coming Months, Analyst Says

 

[syklee26]

They will not release something during wwdc.... so they should just release some news today

 

[goonie4life9]

This will be a big challenge for Apple Support. For whatever reason, Apple Support's primary troubleshooting has become erase and re-install the OS. This approach just isn't going to work when the device is a vehicle.

 

[mtneer]

Apple has had many partners helping with other products in the past without the need to disclose anything to analysts. Why will they change course now? Can't they just keep working with partners under airtight NDA's?

 

[chewbaka]

What if the event logo is actually a suspension spring???

 

[cardfan]

Have to be honest when I say this is so irrelevant. It’s more a liability for Apple than anything. Tim went down the car route when he was searching for anything that could be the next iPhone. We’ve seen the god awful services. The cringy services event. The mess he’s made with Apple TV, HomePod, and living room.

But I think Tim found his whale as he wastes more resources on this nonsense.

 

[DNichter]

It seems WWDC would be the perfect spot to announce the OS/platform and get some developers engaged/excited about the opportunity.

 

[Serban55]

This will be a big challenge for Apple Support. For whatever reason, Apple Support's primary troubleshooting has become erase and re-install the OS. This approach just isn't going to work when the device is a vehicle.

Its about IF apple will stick with its best in class 14 days return policy with a car ?! ?

 

[Cosmosent]

Ives = AAPL Cheerleader, nothing more, nothing less !

He has been predicting an "iPhone Supercycle" every single year, for the past five years !

They laugh behind his back @ CNBC, which says alot !

 

[RogueWarrior65]

Do Apple Developers get to write code for it?
Actually, I wouldn't be surprised if Apple uses a relationship with Disney to deploy test vehicles at the Disneyworld parking lots.

 

[GeoStructural]

This will be a big challenge for Apple Support. For whatever reason, Apple Support's primary troubleshooting has become erase and re-install the OS. This approach just isn't going to work when the device is a vehicle.

I am more concerned on its operation relying on the same IT responsible for Siri.

 

[jonblatho]

Apple has had many partners helping with other products in the past without the need to disclose anything to analysts. Why will they change course now? Can't they just keep working with partners under airtight NDA's?

They can no longer produce an iPhone in secrecy; you think they can pull off a car?

 

[DelayedGratificationGene]

Ives = AAPL Cheerleader, nothing more, nothing less !

He has been predicting an "iPhone Supercycle" every single year, for the past five years !

They laugh behind his back @ CNBC, which says alot !

Yes he’s been a cheerleader for many years and guess what? He’s been cheering for the number one team and has been right all along.....the earnings show it

 

[iapplelove]

**** the Apple Car

 

[TheYayAreaLiving 🎗️]

Apple - Just tell us how much it's going to cost so I can start saving up.

 

[bwayne]

We can easily guess they’ll put the charging port on the underside of the car so that you’ll have to tilt the car on it’s side to charge the battery. Just like the Magic Mouse! ?

 

[Yokon54]

Have to be honest when I say this is so irrelevant. It’s more a liability for Apple than anything. Tim went down the car route when he was searching for anything that could be the next iPhone. We’ve seen the god awful services. The cringy services event. The mess he’s made with Apple TV, HomePod, and living room.

But I think Tim found his whale as he wastes more resources on this nonsense.

Tim Cook created $1.7T in shareholder value and services are growing at 20%.

 

[jz0309]

IF they want to start testing on the road, they have to come out and make it public, and that testing would start years before release... IF

 

[Le0M]

Apple - Just tell us how much it's going to cost so I can start saving up.

Probably between 30 and 40 thousand €. I doubt it'll be cheaper.

 

[otternonsense]

After years of "starting" rumours, I wonder when/if they'll ever be arriving.

 

[1258186]

The Apple Car is a big mistake that will cost them billions of dollars. It’s one thing to make 40% margin on Macs and iPhones but that will be impossible on a car with so much competition.

 

[TheYayAreaLiving 🎗️]

Probably between 30 and 40 thousand €. I doubt it'll be cheaper.

I think it's going to start from $50,000. That's just a base model.

 

[JoshuaBru]

Apple has had many partners helping with other products in the past without the need to disclose anything to analysts. Why will they change course now? Can't they just keep working with partners under airtight NDA's?

the supply chain for an automobile is ten fold what it is for a phone or laptop. not only are they supposedly going to work side-by-side with an auto company like Hyundai, but you're also subbing out parts to companies like Magna. Wayyy too many people involved to keep it a secret. you'll see blurry photo after blurry photo of the car at every stage of development.

 

[JoshuaBru]

Probably between 30 and 40 thousand €. I doubt it'll be cheaper.

The newly unveiled Benz EQB starts at 70k. I can't see Apple not going head to head with Tesla and the likes of Benz, Porsche and Cadillac.

 

[Spock]

I just can’t see Apple being able to profit enough from a car, I’ll believe it when I see it.