What’s been reported so far


The past six years of speculation around the so-called Apple Car have been a roller coaster. First Apple was reportedly building a car. Then the company wasn’t building a car, just the guts of a vehicle. Most recently, sources told CNBC that Apple will manufacture an autonomous car with Hyundai and Kia in Georgia. Now that might be out, too.

Apple is one of the most valuable companies in the world, and it could become massively more valuable if it can make a splash in cars – the global auto and mobility market is worth about $10 trillion compared with the $715 billion smartphone market, according to Mordor Intelligence.

Apple did not respond to a request for comment.

Watch CNBC’s deep dive into the Apple Car to find out more.



Source link

Discover

Sponsor

Latest

Amazon to create 10,000 new permanent jobs in U.K. this year

An employee looks for items in one of the corridors at an Amazon warehouse.Carlos Jasso | ReutersAmazon has announced that it expects to...

Herd trading causing some investors to be ‘forced out of business almost’

Traders work on the floor of the New York Stock Exchange.NYSEA recent shift toward momentum trading in certain assets could see value-driven investors...

Japan yen won’t strengthen sharply unless there’s negative shock: Nikko Asset Management

SINGAPORE — The Japanese currency will not likely strengthen significantly unless there's a "negative shock," according to Nikko Asset Management's John Vail.As of...

J.K. Rowling could hinder HBO Max’s Harry Potter plans

British author and screenwriter J.K. Rowling poses upon arrival to attend the UK premiere of the film 'Fantastic Beasts: The Crimes of Grindelwald'...

DOJ files antitrust lawsuit to block Visa’s Plaid acquisition

Plaid co-founder and CEO Zach Perret.PlaidThe Department of Justice is looking to block Visa's planned acquisition of fintech start-up Plaid on grounds that...