Well-connected analyst Ming-Chi Kuo is predicted that Apple will indeed release an Apple car by the year 2025, according to a new investor note set out from TF International Securities, his new employer. The note, which outlines products that Kuo expects to see in Apple’s future, also makes note of Apple’s plans for an [augmented reality headset] that has been rumoured to be in development for the past couple of years, along with the prediction that Apple will hit a two trillion dollar market cap via these new products along with its ever-growing services business. Most notably, however, Kuo predicts that Apple still has a vehicle in the works, and the “Apple Car” will be “the next star product,” expected to launch sometime between 2023 and 2025. Kuo adds that the new car will be as disruptive to the automotive industry as the original iPhone was to the mobile industry.
Kuo believes that Apple still has the potential to deliver a revolutionary vehicle experience due to its “better integration of hardware, software and services” that most consumer electronics and automotive companies, and Kuo also adds that launching a car would see a huge boost to Apple’s services category due to Apple entering the “huge car finance market” as part of the process. Kuo’s report has breathed new life into flagging rumours of Apple’s automotive ambitions, which have over the past few years suggested that Apple abandoned its ambitions for developing a full vehicle and had instead chosen to focus on autonomous driving systems for existing vehicles, rather than designing and branding its own vehicle. Apple’s “Project Titan” has been working on a vehicle related project since 2014, but the team has struggled with leadership issues and other problems that led many to believe Apple and shelved the idea of developing a full car. [via MacRumors]