The “Apple Car” may not disrupt the market when it first debuts, but Piper Sandler says it could become a solid source of hardware revenue for Apple, possibly generating $ 50 billion by 2030.
In a note to investors seen by AppleInsider, chief analyst Harsh Kumar outlined Piper Sandler’s framework for a potential “Apple Car” release.
“Overall, we think Apple’s entry into the automotive market makes perfect sense. Similarly to other hardware offerings, the company can enter the market at a time of maximum technological disruption, avoiding the risk of forming the market, “wrote Kumar.
It is possible that Apple will choose to make its automotive debut on a smaller scale with an updated CarPlay system …
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