'Apple Now Plans Car For 2028 With Less Ambitious Autonomy Goals' -Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Apple has reportedly scaled back the self-driving features of its planned car and delayed the launch to 2028, according to Bloomberg. The company's ambitions for fully autonomous driving capabilities have been tempered, leading to a less advanced level of autonomy than initially intended.
January 23, 2024 | 6:44 pm
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Apple's decision to reduce the self-driving features in its car project and delay its launch to 2028 may impact investor sentiment and could lead to a reassessment of the company's long-term growth prospects in the automotive sector.
While the news of a delay and reduced capabilities in Apple's car project might be seen as a setback, the impact on the stock price may be neutral in the short term. The project's timeline is still far off, and investors may have already priced in the challenges of developing autonomous vehicles. Additionally, Apple's core business remains strong, and this news does not directly affect its current revenue streams.
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