Tim Cook attends Apple events
A closely watched Apple analyst warned that investors should be cautious about reports that iPhone manufacturers plan to produce self-driving cars in 2024.
Reuters’ report last week sent the stocks of companies that make parts for self-driving cars, such as lidar sensors, soaring. But TFI analyst Ming Guo warned in a report this weekend that the hype is purely speculation, and some of these companies may provide parts for Apple cars.
Kuo is famous for accurately revealing Apple̵
Guo said: “We believe that the current so-called Apple car concept stocks are just market speculation and do not involve the actual suppliers of Apple cars.” “We also believe that because the technical specifications of electric vehicles/autonomous vehicles are still evolving, so It is too early to talk about the final specifications of Apple cars.”
Guo said that the market is “bullish” for Apple cars, and he would not be surprised if Apple cars are not released until 2028 or later. He thinks it may be listed as early as 2025. Terry Gou also hinted that Apple may be too far behind in artificial intelligence to launch a competitive self-driving car.
He said: “If Apple wants to succeed in the future, then the key success factor is big data/artificial intelligence, not hardware.” “One of our biggest concerns about Apple Research is December 27, 2020 2 Apple When the Apple car is launched, the current self-driving car brand will accumulate big data for at least five years and benefit deep learning/artificial intelligence. How can later Apple overcome this backward gap?”
Apple’s grand vision of the car has been relatively quiet. But the company has been testing autonomous driving technology for several years, and CEO Tim Cook said he believes the technology is a way to enhance Apple’s AI system.
Other analysts are also skeptical of Guo analysts.
Citi analyst Jim said: “Apple conducts research and development in many areas. Although we are not surprised to hear the media discussing the auto Titan project again, we very much doubt whether Apple will produce cars because the profitability of the auto industry Much lower.” Suva wrote in a note last week.