“Gene Munster is one of the world’s most recognized and respected Apple financial analysts with a long track record of successful focus on Apple and its products,” Apple Car Fans. “Apple Car Fans had the exclusive chance to sit down with Gene and get his latest insights on the Apple car.”
“Munster pointed out a previous white paper he and his company Piper Jaffray released about the Apple car last October. The analysis was positive, but since then we learned of possible members leaving the Apple Titan team,” Apple Car Fans. “Fortunately Munster does not think this is significant, though he noted the report is a little ‘dated.’ ‘Substance is unchanged,’ he said. Of the Apple Car he said ‘we’re still in the camp that this is real.'”
“Munster believes Apple wants to build a car because ‘Apple’s biggest concern is growth,’ and the automotive market offers a potentially generous amount of it,” Apple Car Fans. “‘There will be a car that you can see and order in 2019-2020,’ said Munster. ‘We don’t think it will probably be delivered until after that… maybe 2021.’ He added ‘an advantage of showing it early’ will be ‘to hold up the market in anticipation’ …In terms of the most likely go to market price, Munster also has a strong opinion. ‘If you look at the overall automotive industry Apple historically plays toward the high-end.’ The price when Apple starts selling it in 2020 or 2021 will be ‘around $75,000.'”
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MacDailyNews Take: As we wrote last March:”When Apple enters markets, it’s because they can bring something(s) so unique to the table that significant disruption is inevitable.”
It goes without saying that Apple would create a premium vehicle, premium-priced for premium customers as usual, not a some low-end crate. — MacDailyNews, September 21, 2015