Then let's take a look at Porsche—the best-case scenario out there right now:
Porsche
FY 2014 (note these absolute figures are for the entire fiscal year)
Revenues: €17.2 billion
Gross profit: €4.3 billion (25%)
Operating profit: €2.7 billion (16%)
Now look at Apple:
Q3 2015
Revenues: $50 billion
Gross profit: $20 billion (40%)
Operating profit: $14 billion (28%)
Keep in mind that Porsche is an established brand that is decades-old. It's one of the most profitable car companies. It also sells more than one vehicle. And it already has manufacturing facilities and other capital for its automotive business.
Apple currently has much, much higher operating profit than the best of the automotive companies. And they're doing it without having to take on the risk of entering a completely different industry. Why on earth would they take on risk to go into a field that has such low margins? Especially when Apple's way of cutting costs is to build everything in China? Chinese cars have a serious stigma attached to them—there's yet another uphill struggle to take on if they want greater margins.
Now what numbers are you using to accuse me of being an "Apple-paid shill"?
Here is something interesting from an article I just randomly looked at (from April, 2014, before the 6+ came out):
http://www.reuters.com/article/2014/04/09/us-samsung-elec-smartphones-analysis-idUSBREA3806J20140409
Operating margins of the Samsung phones were 16-18%, yet Apple's were in the 40-60% range.
I think that the counter to your argument is that Apple seems to make more money in markets by simply pricing it to make money. The idea that Apple will get into a market and do what the established players have done may be the difference between them and others that are established.
I guess another point in my argument is the computer price. For 20 years, I thought, "heck no, I'll never buy a Mac. They're too expensive!" Then, because of business requirements, I bought one (a 2008 iMac). I hated it. It wasn't like Windows. I didn't "get it" for 4-6 weeks, but I kept at it, and now I "get it". I got it when I was reloading Windows on my wife's computer, and the Mac was working fine. I got it when I re-reloaded Windows on my kids' computers. I got it when I pulled the computer apart and replaced the 250GB hard drive with a 1TB drive and after the Time Machine restore, everything was as I left it, except I had 750GB more HD space. No code keys to put in; it just worked. In retrospect, it is
one of the least expensive computers I have owned. It's 2015, and the computer is still running strong.
Bringing this back around, I think that Apple, if they are working on a car, will find a way to make it profitable.
One last thing that is of interest: I went to an
Edward Tufte class (HIGHLY RECOMMENDED) and one thing he said stuck in my head: "Apple doesn't do market research. They make the best products they know how to make, and things that they would use." (paraphrased)