Apple Car speculation is back. Here’s what we know so far
CNNNew York CNN Business — Longstanding speculation that Apple will release its own electric, self-driving car was reignited last week when Reuters, citing unnamed sources, reported that Apple plans to produce a passenger vehicle by 2024. Some experts think it’s more likely Apple will partner with one or multiplecar makers to sell a car operating system, self-driving software or other related technology, rather than making the entire vehicle. “The one issue that I’ve heard of is that cars can be less profitable relative to Apple’s other products, so that is a concern if Apple is going to be shifting gears into a less profitable business line.” It took Tesla years to become profitable, posting its first annual operating profit in January 2020 after nearly a decade as a public company. Among Apple’s car-related patents: a virtual reality system that could help passengers work in a car without getting motion sickness. “Do I think that Apple could be a significant competitor in electric, autonomous vehicles if desired?” asked DA Davidson’s Forte.