“Apple could introduce a car by as soon as 2019, but assuming an average selling price of $55,000 and 200,000 shipments, the contribution to the tech giant’s earnings in that year is probably not enough to ‘excite’ investors, said the research team at Jefferies this morning,” The Fly reports.
“However, a car would give the tech giant some ‘much needed’ diversification away from the iPhone and would be positive for the broader tech space, the firm added,” The Fly reports. “Jefferies analysts Sundeep Bajikar, Mark Lipacis and their team say their analysis indicates the automobile industry is ‘ripe for disruption’ and that Apple is well positioned to introduce a car.”
The Fly reports, “A car could add 32c to Apple’s earnings per share in FY19 under a best-case scenario, Bajikar tells investors.”
Read more in the full article here.
MacDailyNews Take: Newspaper regurgitation topped with 100% pure bullshit. Yum!
SEE ALSO:
Apple’s ‘Project Titan’ just sped up – September 24, 2015
Why cars are Apple’s next big market – September 23, 2015
The deeper reason for an Apple Car – September 23, 2015
Volkswagen emissions scandal spotlights need for an Apple Car – September 23, 2015
Morgan Stanley: Apple Car, if true, ‘one of the most important moments in transportation’ – September 22, 2015
Former GM Vice Chairman Bob Lutz: Apple Car ‘is going to be a gigantic money pit’ – September 22, 2015
Apple speeds up electric-car efforts, aims for 2019 ‘ship date’ – September 21, 2015
Apple meets California DMV officials to discuss ‘autonomous vehicle’ – September 18, 2015
Documents confirm Apple is building self-driving car, Project Titan further along than many suspect – August 14, 2015
Apple Car development proceeds apace – July 27, 2015
Apple hires veteran Fiat Chrysler auto industry executive – July 20, 2015
What’s up with Carl Icahn’s sudden obsession with the Apple Car? – May 18, 2015
Survey: 77% of hybrid or electric vehicle owners would likely buy an Apple Car – May 13, 2015
Apple’s ‘Project Titan’ could reshape the auto world – February 22, 2015
