Analyst Predicts Apple Car Ship Date by 2025
Reputable Apple analyst Ming-Chi Kuo expects that the Cupertino-based company will begin shipping a consumer-ready Apple Car sometime in the next five to seven years. In a note to investors reported on by AppleInsider, analyst Ming-Chi Kuo—who has a penchant for nailing Apple rumors on the head—said that he expects the much talked about but super secretive “Project Titan” to come to fruition as early as 2023, but no later than 2025. That, combined with an even stronger emphasis on its services business could drive Apple's valuation towards the $2 trillion mark, Kuo said.
Kuo had few other details besides his expected ship date, but he did say that he expects Apple to take advantage of what he called a “tectonic shift” in the automotive market. Though, his report does come just a few days after Apple announced it was bringing back Doug Field, the former VP of Mac hardware who has since spent some time with Tesla—a fact that has helped speed up the Apple Car rumor mill.
Apple has already dabbled in the automotive arena with its CarPlay technology, which integrates the iPhone into the in-car entertainment experience. Leveraging that path, Kuo said he believes Apple can tap into a market that is ripe for change.