According to acclaimed Apple analyst Ming-Chi Kuo, who has a basically impeccable track record predicting what Apple products will release when. In a research note to investors and read by MacRumors, Kuo wrote:
“We expect that Apple Car, which will likely be launched in 2023–2025, will be the next star product. The reasons for this are as follows: (1) Potentially huge replacement demands are emerging in the auto sector because it is being redefined by new technologies. The case is the same as the smartphone sector 10 years ago; (2) Apple’s leading technology advantages (e.g. AR) would redefine cars and differentiate Apple Car from peers’ products; (3) Apple’s service will grow significantly by entering the huge car finance market via Apple Car, and (4) Apple can do a better integration of hardware, software, and service than current competitors in the consumer electronics sector and potential competitors in the auto sector.”
This obviously isn’t the only time we are hearing of an Apple car. The fact that Apple has been noted to be working on its car project, dubbed Project Titan, since 2014 if not before. However, over the last few years rumors have alleged Apple had heavily scaled back the project. If Kou happens to be correct, Apple has once again changed gears, and in five to seven short years we could be observing lots of Apple logos on the road.
