There will still be several years to go until the arrival of the much talked about Apple vehicle, but there are already analysts who look at the project as a potential source of astronomical revenue. Harsh Kumar, from Piper Sandler, believes that Cupertino’s technology has everything to make this adventure work and earn revenues of around 50 billion dollars by the end of the decade.
For him, Apple will be one of the few companies capable of entering a new market even during the peak of technology development, avoiding being a pioneer and the risks associated with innovation without an established basis.
Apple’s market value has everything to grow
The analyst predicts the possibility for Apple to reveal the project in the next 2 years. If this happens, it is possible that the brand will put 100 thousand vehicles on the market by 2024, thus adding up to something like 5 billion dollars.
This number would represent 0.1% of the market, but by 2030 the share may grow up to 1%, bringing revenues to such 50 billion.
Kumar also believes that this is the right move for American technology, at a time when its traditional products are reaching maturity. The company needs something to encourage growth and this adventure seems to be the way to go.
Nobody knows what the Apple Car will be like
At this point, everything is open about how Apple will be approaching this endeavor. The rumors have pointed in several directions, which has hampered a real sense of the purpose of this Apple Car.
Tim Cook can even avoid launching a vehicle and test the waters only with a car manufactured by a partner brand but equipped with Apple technologies.
We see potential in the idea of a new interface based on CarPlay that can be licensed to interested car manufacturers. However, it seems that the most accepted theory is that of an Apple electric vehicle that may or may not be autonomous.
In any case, we will have to wait for more concrete news about this supposed millionaire project, which will certainly help cement Apple’s privileged position in terms of market value.
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