Apple Car Is Still 'Ways Out,' Says Mark Gurman — Cupertino Won't Ship Anything 'Until Later In The Decade'
Portfolio Pulse from Ananya Gairola
The launch of Apple Inc.'s self-driving car, initially referred to as 'Project Titan', may not happen until later in the decade, according to Bloomberg's Mark Gurman. This comes after tech analyst Ming-Chi Kuo stated that he has 'lost all visibility' on the Apple Car project. Despite the long development period, the project has only consumed 4% of Apple's total R&D spend in 2022.
November 06, 2023 | 7:32 am
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The delay in the launch of Apple's self-driving car could potentially impact the company's future revenues and market position in the automotive industry.
The delay in the launch of Apple's self-driving car, a significant project for the company, could potentially impact its future revenues and market position in the automotive industry. However, the fact that the project has only consumed 4% of Apple's total R&D spend in 2022 suggests that the company is managing its resources carefully.
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IMPORTANCE 75
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