Nokia would like to have a word with you.Apple's chance of success with ANY Apple Car is probably ONLY 1% Best Case !
Nokia would like to have a word with you.Apple's chance of success with ANY Apple Car is probably ONLY 1% Best Case !
It’s important to note a lot of context regarding Tesla. Elon musk bought out patents for hydrogen fuel cell vehicles in the 2000s and sat on them as it is cheaper to build a electric car. Musk also knew how to market his product well by making it a niche, “high end” vehicle with limited production in order to create waiting lists thus giving the appearance of high demand. It worked very well. While the vehicles are well designed and appealing they are far from eco-conscious.On the other hand look at Tesla selling every single car they produce with 1 year waiting lists on some models due to demand and they've only been selling cars for 10 years, with zero experience beyond what's held in the minds of the employees they hired.
Apple has a big leg up on that by having 10x the size and capital, the ability to hire anyone they want by presenting them with a bucket of cash. If they wanted they could hire the CEO of Volkswagen they have that kind of money.
Question is: Can a company be successful in any business? I doubt it.And I'm pretty sure Nokia said the same thing about the iPhone...
Indeed, it's not the same market (the average cost of a swiss watch is > $1000) but they fight for the same place on your body: your left wrist. Luckily for the luxury watches, most of them sleep in a drawer or in a safe, so that you can buy more than one.Swiss watch market saw a 13% decline in 2019. I mention this year because I don't think it'd be fair to include the pandemic 2020 but they declined even further in that.
Meanwhile the Apple Watch outsold the entire swiss watch market, combined. It would be foolish to think the Apple Watch hasn't harmed the luxury watch market. Everyone is carrying a smart phone so wearing an Apple Watch as 1/4th of all iPhone owners do according to recent data posted here on MacRumors home page would mean it is doing damage.
Also when you consider that the swiss watches are often at the higher end of the market costing several hundred to several thousand dollars and iPhone owners tend to be more affluent than Android owners and the Apple Watch only works with iPhone it tends to do a lot of damage to these luxury watch makers.
Essentially their potential customers are being turned onto functional technology instead of high luxury fashion due to the utility it affords them. That's not to say these luxury watches are dead, far from it. But that 13% decline in 2019 is hard to dismiss as anything but damaging.
Can Apple repeat this success in Cars? I have my doubts, but then I had my doubts about the iPhone, iPad and Apple Watch and I was proven wrong every time.
Yes?is the same thing with the apple watch....you think Rolex, patek philippe , augmentin pique care about the apple watch success ?
Apple Watch won’t kill the luxury segment, but it has absolutely been eating into it.or you think they were afraid when the rumored about an apple watch started to appear?
No...and they still dont
So, its ok for competition point of view, nothing more, nothing less
Seems like a pretty reasonable response that doesn't warrant the headline/article. I figured as muchI have access to the full interview. Here are the important parts - translated by the amazing, Germany-based AI service Deepl https://www.deepl.com/translator
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Are you still a fan of Tesla pioneer Elon Musk?
He changed the industry with Tesla. Tesla is now our main competitor in the electric world. I think it's good that Tesla is coming to Germany. Competition is good for us, and we are embracing it with our Trinity project in Wolfsburg. The conversion at our corporate headquarters will revolutionize the location. Competition is an advantage of location, as a look at southern Germany shows: Audi, Porsche, BMW and Daimler are all located within a few hundred kilometers of each other, and they chase the best people away from each other, driving each other to peak performance. Something like this could happen in the north between Tesla in Brandenburg and VW in Wolfsburg.
IG Metall boss Jörg Hofmann can no longer hear the praise for Tesla: They should first adhere to German labor law and collectively agreed wages. Do you envy Elon Musk for not having to take a works council into account?
If you start with a blank sheet of paper, you always have an advantage. However, I firmly expect that IG Metall, with its powerful position in Germany, will ensure that Tesla also has to ensure fair working conditions and that we get equal opportunities with Tesla.
Apple is even more powerful than Tesla: Will the iPhone manufacturer soon be your toughest competitor?
To be honest, I expected Apple to get into the car business sooner. It's a very logical step, because Apple has the expertise for the new automotive world: batteries, software and design - Apple has all that, plus practically endless financial resources. Nevertheless, we're not afraid: the automotive industry is not a typical tech sector, it can't be taken over in a sweep. Apple will not succeed overnight.
Translated with www.DeepL.com/Translator (free version)
They should be afraid of a new entrant that has a history of taking a large percentage of an industry’s profit. Apple is rarely the market share leader, but often the profit share leader.Why would they be afraid ?
Given that Tesla did not exist and that every person who purchased a Tesla did not do so in addition to what else they were going to buy, they did take share from VW.Tesla is already very present for investors but it didn't take any of the VW market shares.
That may be true, but it does not change that they should be concerned about a well financed competitor with a well respected brand planning to enter their market.Apple will most probably not be different, if they ever actually come in this market. The automotive market is experiencing a revolution today anyhow and companies with strong RnD teams like VW or Toyota are well positioned to profit from it.
Thanks for this. It is a nuanced response from VW, and kind of shows that the headlines are exaggerating his stance. They clearly take Apple seriously, but they think it will take a while for a new competitor to establish a foothold. Look how long it took Tesla!I have access to the full interview. Here are the important parts - translated by the amazing, Germany-based AI service Deepl https://www.deepl.com/translator
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Are you still a fan of Tesla pioneer Elon Musk?
He changed the industry with Tesla. Tesla is now our main competitor in the electric world. I think it's good that Tesla is coming to Germany. Competition is good for us, and we are embracing it with our Trinity project in Wolfsburg. The conversion at our corporate headquarters will revolutionize the location. Competition is an advantage of location, as a look at southern Germany shows: Audi, Porsche, BMW and Daimler are all located within a few hundred kilometers of each other, and they chase the best people away from each other, driving each other to peak performance. Something like this could happen in the north between Tesla in Brandenburg and VW in Wolfsburg.
IG Metall boss Jörg Hofmann can no longer hear the praise for Tesla: They should first adhere to German labor law and collectively agreed wages. Do you envy Elon Musk for not having to take a works council into account?
If you start with a blank sheet of paper, you always have an advantage. However, I firmly expect that IG Metall, with its powerful position in Germany, will ensure that Tesla also has to ensure fair working conditions and that we get equal opportunities with Tesla.
Apple is even more powerful than Tesla: Will the iPhone manufacturer soon be your toughest competitor?
To be honest, I expected Apple to get into the car business sooner. It's a very logical step, because Apple has the expertise for the new automotive world: batteries, software and design - Apple has all that, plus practically endless financial resources. Nevertheless, we're not afraid: the automotive industry is not a typical tech sector, it can't be taken over in a sweep. Apple will not succeed overnight.
Translated with www.DeepL.com/Translator (free version)
Cars are a lot more complex than phones so I’m not sure it’s right to keep harping on about “Nokia said this, blackberry said that”.
You are right of course. However, I simply think Apple Watches are clumsy. What I really like is the Apple watch in the form of my slick Omega Seamaster in gold and titanium from the 90:th. I am not sure Apple watch is the reason for the decline, the iPhone is.Swiss watch market saw a 13% decline in 2019. I mention this year because I don't think it'd be fair to include the pandemic 2020 but they declined even further in that.
Meanwhile the Apple Watch outsold the entire swiss watch market, combined. It would be foolish to think the Apple Watch hasn't harmed the luxury watch market. Everyone is carrying a smart phone so wearing an Apple Watch as 1/4th of all iPhone owners do according to recent data posted here on MacRumors home page would mean it is doing damage.
Also when you consider that the swiss watches are often at the higher end of the market costing several hundred to several thousand dollars and iPhone owners tend to be more affluent than Android owners and the Apple Watch only works with iPhone it tends to do a lot of damage to these luxury watch makers.
Essentially their potential customers are being turned onto functional technology instead of high luxury fashion due to the utility it affords them. That's not to say these luxury watches are dead, far from it. But that 13% decline in 2019 is hard to dismiss as anything but damaging.
Can Apple repeat this success in Cars? I have my doubts, but then I had my doubts about the iPhone, iPad and Apple Watch and I was proven wrong every time.
i recall folks saying the same about tesla. now its the highest value car company in the world.
I want my CEO to be very afraid at all times of all competition. I want him/her head on a swivel stick looking around at the competition....a CEO that is not afraid won’t be CEO for long....I don't know how the interview went, but it's very easy to feed lines into a response and then take that as a statement. If I framed the question "Are you afraid of apple entering the car market?" And his response is "We're not afraid, we feel like we have a strong lineup of EV's entering the market etc etc..."
I'd be more concerned if a CEO flat out said they were "concerned" or "afraid".
Yeah that what it sounds like you want it to be. Then came along a company called Tesla who walked in the middle of a very crowded automotive industry and got people to buy $100K cars. I absolutely believe once Apple brings a car to market that it will be successful. I know people here hate Apple so much they hope it not be to be true, but it will be true. 😊Apple's chance of success with ANY Apple Car is probably ONLY 1% Best Case !