Apple Car. It’s where speculation runs amok. Vikas Shukla:
Jefferies & Co. analysts have estimated how much the Apple car would cost. In a 68-page research note, Jefferies said it would cost about $55,000, which is significantly less than the price of Tesla’s Model S electric car.
How many units would Apple sell the first year.
Auto experts believe that Apple’s first automobile will be an electric, autonomous car, which is expected to hit the roads by 2020. By the time it arrives, electric cars will be more widely accepted. Analysts expect Apple to sell about 200,000 cars a year. By comparison, Tesla aims to deliver 55,000 units of Model S and Model X this year. Though Apple’s brand recognition may help it sell more vehicles, it is venturing into a territory full of challenges.
Nothing money can’t solve, right?
Analysts believe that $55,000 will be the “average price” of Apple car. The tech giant may introduce its car at multiple price points, some cheaper and others more expensive. Apple has been hiring top auto engineers and battery technology experts from companies like Ford, Tesla, Panasonic, Samsung, A123 Systems, and others. The iPhone maker has zero experience designing and developing cars.
Factual and funny. How much experience did Apple have designing and developing smartphones before the iPhone arrived?