Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
The launch of an electric autonomous vehicle by Apple is not likely to happen before 2025-2027, according to analyst Ming-Chi Kuo of TF Securities, as quoted by reports.
Following media reports about Apple stepping up its efforts to build an autonomous electric vehicle, Kuo has said in a note written to investors, as obtained by MacRumors and AppleInsider, that it will not be a surprise if the launch is postponed to 2028.
A recent Reuters report about Apple’s renewed focus on building an electric, autonomous vehicle pegged the launch of the Apple Car in 2024. Kuo, in his note, put forth various reasons for the delay.
Also read: iPhone 12 was world’s best-selling 5G smartphone within 2 weeks of launch: Counterpoint
“Our latest survey indicates that the current development schedule of Apple Car is not clear and, if the development starts this year and everything goes well, it will be launched in 2025–2027 at the earliest. Due to changes in the EV/self-driving market and Apple's high quality standards, we would not be surprised if Apple Car's launch schedule is postponed to 2028 or later,” he wrote, as quoted by a MacRumors report.
“The market has high expectations for Apple Car. Still, we remind investors that although Apple has a variety of competitive advantages, it is not always successful in new business,” he added.
Kuo emphasised the competition in the EV/self-driving car market while also pointing to low demand for Apple’s smart speakers.
“The competition in the EV/self-driving car market is fiercer than that for smart speakers, so we think it's perilous to jump to the conclusion that Apple Car will succeed,” he wrote.
According to Kuo, Apple will be required to focus on big data and artificial intelligence more than the hardware for Apple Car to succeed. One of the “biggest concerns” about Apple Car as stated by the analyst is the company’s ability to overcome the “lagging gap” and moving ahead of the big data and deep learning/AI accumulated by the current self-driving car brands.
Previously, Tesla CEO Elon Musk, in a tweet, had questioned the nature of the technology that Apple is looking to for these vehicles following the media report. “Strange, if true. - Tesla already uses iron-phosphate for medium-range cars made in our Shanghai factory. - A monocell is electrochemically impossible, as max voltage is ~100X too low. Maybe they meant cells bonded together, like our structural battery pack?” Musk wrote.
Also read: Elon Musk says he’d tried to sell Tesla to Apple
In a note to investors seen by AppleInsider, investment bank Morgan Stanley had also shared insights on the news regarding Apple’s autonomous car project.
"There are some very big bets being made across the capital markets on EVs and batteries," the note stated, as quoted by the report.
"We believe (the) story on Apple and Project Titan are a reminder of the potential scope of competition for capital and brains (and eventually market share) as the ecosystem evolves," it added.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
While Supreme Court has cleared the way for women seeking longer tenures and senior roles in the Indian Army, ...
Mughal Gardens in the Capital open to visitors — albeit with Covid-19 protocol — for the annual Udyanotsav
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor