“Apple Inc.’s experimentation with car technology could help push the company’s valuation past $1 trillion within the next 12 months from nearly $750 billion today, according to the new bull-case price target set Monday by Morgan Stanley,” Jennifer Booton reports for MarketWatch.
“The brokerage raised its 12-month stock price target on Apple to $160, from $133 previously, and established a $190 bull-case scenario, up from $160,” Booton reports. “Morgan Stanley’s previous bull case didn’t take into account the car opportunity.”
Booton reports, “Apple’s expanding ecosystem, including the Apple Watch and CarPlay, have created a ‘virtuous cycle’ that could quadruple Apple’s total addressable market by 2020, said Morgan Stanley analyst Katy Huberty…”
Read more in the full article here.
To catch up with Tesla, there is a long long way to go for Apple.
If you ever had a test-ride with one of the most recent cars, you know it. Damn great cars, thats what they build.
The Model S is nothing short of a work of art imho
When it’s not on fire..lol
But from what I seen alot of reports on problems and recalls for software updates and stuff.
What OS/software platform does Tesla use? Perhaps a close partnership with Apple would benefit both companies?
Think about it. The Judicial side of things have proven that there are no patents that are valid in the USA when it comes to Apple.
As a result, Tesla patents will be fair game. Apple will catch up and pass Tesla in no time.
Any number of unconfirmed rumors could take Apple’s valuation up.
Lol – Is this what passes for news now?
If you can deal with a 200 mile range or less if you have a heavy foot. Apple is going for the holy grail of a 250 mile range at an affordable price.
Wouldn’t a 25% larger battery accomplish that today?
By the time an Apple Car hits the market we are likely to have higher capacity and safer batteries and they might now be lithium ion, but advanced Nickel Metal Hydrides from BASF’s battery research.
For a 300 mile range, all they need is a 300 mile extension cord.
For the common masses as far as affordability, Apple isn’t it.
I think the Apple car will be great. I wish Apple would get into the solar power development along with its battery technology. The solar power today is way ahead of what it was 15 and 20 years ago but improvement possibilities over today’s designs are still huge, IMO. Apple Solar, Apple’s battery technology, and Apple’s computer tech combined would could a huge jump in efficiency and bring it more into the market place and home at an affordable price.
I believe Apple’s market cap will be above $1 trillion long before a car is ever announced.
Amen. The whole Apple ecosystem is starting to snowball into enterprise/mobile in a big way with IBM, let alone what Apple Watch will add to the pie.
And furthermore, blahblahblahbittyblahblah. (Stated with an upper crust Long Island accent).
Much as Morgan Stanley is wise to catch on that it’s time to be bullish on Apple, this shiny, smiley, happy report is based on rumor mongering and inconclusive reports. FAIL.
And furthermore, people familiar with Apple’s plans have leaked clandestine documents indicating Apple’s REAL PLANS! Here is an ultra-secret Apple concept drawing of Bots preparing for battle in the Mother Ship Arena:
@althegeo
Tesla has already opened their patents to anyone that wants to use them.