However, in Cupertino they've been very hesitant at engaging in new businesses, and with good results. There might be a few other products that could make a lot of money for Tim Cook and his friends but chances are that most ventures would fail. And that would be unlike Apple.
Behind the scenes Apple is of course developing all kinds of technology and rumors have been suggesting for years that things like Apple car are in development. Now we have more evidence that it actually might be happening, reports AppleInsider.
One of the more revered Apple analysts, Ming-Chi Kuo from KGI Securities, has suggested that Apple is planning on entering the car market with a vehicle in a few years. According to Kuo, Apple Car, or perhaps iCar, will be unveiled in 2023-2025.
His feelings are, and that's pretty much all it is for now, that Apple would not be willing to stay a bystander as the revolution in vehicles is happening. One would expect electric and autonomous vehicles from a technology powerhouse like Apple.
Fairly recently Apple recruited a former Tesla manufacturing boss Doug Field, which might be an indication that Apple is moving closer to actually building the car instead of just working on software things like autonomous driving.
Fortunately we don't have to wait five to seven years for a new type of Apple product, though, as Kuo says that there's also Apple Glass in the works. While using the AR technology we know from Microsoft's HoloLens and the new Magic Leap One, the name suggests, if that really is it, a product closer to Google Glass.
Kuo says Apple Glass might be coming out as soon as 2020. We'll just have to wait and see whether Kuo was right this time as well.
Written by: Matti Vähäkainu @ 15 Aug 2018 11:45