Trusted analyst Ming-Chi Kuo addressed rumors that Apple's electric car could arrive at any time before 2025, warning that many elements are still under development.
A report released earlier this month claimed that several auto parts factories in Taiwan rushed shipments to Apple for the possible launch of apple's electric car in September 2021.
The questionable report information seems unlikely for a number of reasons, such as the lack of precise specifications for the vehicle and the apparent short time limit for the production of such a large product.
In a note to investors, Ming-Chi Kuo, an analyst from TF Securities, cautioned against believing the hype surrounding the report, which helped raise the value of conceptual shares of companies supposedly linked to Apple's efforts.
Buying shares in related companies is a quick, permeable, and may be short-lived reaction, with Ko suggesting that there are at least three reasons why investors should not do so now.
It is well known that uncertainty about the launch schedule, the lack of a supplier or specification for the car, and uncertainty about Apple's competitiveness in the electric and self-driving cars market are major problems to consider.
While TF Securities predicted in a previous report the launch of apple electric car between 2023 and 2025, the company's latest survey indicates that the company's current development schedule is unclear.
If Apple starts working in 2020, and things go well, the potential launch of the self-driving car could be between 2025 and 2027, according to TF Securities.
"Given the changes in the electric and self-driving cars market and Apple's high quality standards, we wouldn't be surprised if the apple electric car launch schedule is postponed to 2028 or beyond," Said Ko.
The memo adds that the specifications and suppliers in the reports and rumors are mere speculations and do not include the actual suppliers of apple electric car.
The continuing nature of the development of technical specifications makes it premature to talk about the final specifications early in advance of the expected launch.
As for market competitiveness, TF Securities feels that the main success factor for Apple's electric car is not hardware, but big data for self-driving and artificial intelligence, an area in which Apple has not shown significant competitive advantages in its current products.
One of Coe's big concerns seems to be that Apple may be five years or more behind in deep learning compared to Tesla and Waymo.
Ko notes that competition in electric cars and self-driving cars is fierce and that you can't assume Apple's success.
Morgan Stanley is taking the opposite view like Coe on Apple's electric car right now, where it believes Apple has an interest in enhancing the driving experience through vertical integration of hardware, software and services, and sees the project as a long-term project.
On the other hand, Goldman Sachs analysts believe That Apple is the most interested in the in-car experience, and Goldman Sachs wrote about the timing of2024, suggesting that the car would make sense as a hardware platform that supports services, but the high costs associated with its launch may mean that it will have a limited impact on investors.
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