Apple Car Will Likely Be Launched in 2023 - 2025 [Report]

Well respected Apple analyst Ming-Chi Kuo says that Apple is planning to launch an Apple Car in 2023 - 2025. In a new research note for TF International Securities, Kuo says that the Apple Car, Apple Glass, and Services will help propel the company to a $2 trillion market cap.

The Apple Car is described as the company's "next star product".

The reasons for this are as follows:
(1) Potentially huge replacement demands are emerging in the auto sector because it is being redefined by new technologies. The case is the same as the smartphone sector 10 years ago;
(2) Apple’s leading technology advantages (e.g. AR) would redefine cars and differentiate Apple Car from peers’ products;
(3) Apple’s service will grow significantly by entering the huge car finance market via Apple Car, and
(4) Apple can do a better integration of hardware, software, and service than current competitors in the consumer electronics sector and potential competitors in the auto sector.


Lately, there has been some speculation that Apple is still working on a vehicle despite reports that the project had been downgraded. Just recently, we learned that Doug Field, the former head of Telsa Model 3 production, is back at Apple and working on Project Titan. It's been suggested that under the guidance of Bob Mansfield, the project has gotten back on track.

While the car isn't expected for five years, we do have AR glasses to look forward to in the nearer future. Kuo believes they will be introduced in 2020 and describes AR as the "next generation revolutionary UI". Recent reports claim the glasses will use an 8K display for each eye and will not be tethered to a computer or smartphone. It's also said they run a new operating system dubbed 'rOS'.

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[via MacRumors]