'Lost All Visibility' On The Apple Car Project: It Isn't Coming Anytime Soon, Says Analyst
Portfolio Pulse from Rounak Jain
Apple Inc.'s (AAPL) car project, known as 'Project Titan', may not be coming anytime soon, according to analyst Ming-Chi Kuo. Kuo has stated that he has 'lost all visibility' on the project and doubts that the Apple Car can go into mass production within the next few years unless Apple adopts an acquisition strategy. This comes after Kuo revealed in March that the Apple Car project team had been dissolved.
September 28, 2023 | 7:40 am
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POSITIVE IMPACT
Tesla Inc. (TSLA) was mentioned in the context of its ongoing efforts to develop full self-driving capabilities. The potential delay or cancellation of Apple's car project could reduce competitive pressure on Tesla.
The news about Apple's car project potentially being delayed or cancelled could reduce competitive pressure on Tesla in the autonomous electric car market. However, the impact is indirect and the relevance is therefore moderate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's car project may be delayed or even cancelled, according to analyst Ming-Chi Kuo. This could potentially impact Apple's future growth prospects.
The news that Apple's car project may be delayed or even cancelled is directly related to Apple and could potentially impact the company's future growth prospects. This is because the car project was seen as a major future product for Apple.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100