'Apple Car' could double Apple’s revenue and market value - analyst
source link: https://macdailynews.com/2021/11/19/apple-car-could-double-apples-revenue-and-market-value-analyst/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
‘Apple Car’ could double Apple’s revenue and market value – analyst
Friday, November 19, 2021 4:24 pm7 Comments
The prospect of an “Apple Car” represent the clearest path to doubling Apple’s revenue and market cap, Morgan Stanley analyst Katy Huberty wrote in a note to clients on Friday.
“We see the prospects of Apple Car — representing the clearest path to doubling Apple’s revenue and market cap — catalyzing a shift in investor narrative back toward the attractiveness of the platform (1 billion loyal customers) and long-term sustainable growth,” wrote Morgan Stanley’s Katy Huberty.
Simply put, “investors should pay attention to Apple Car,” Huberty wrote.
“Evidence shows that when Apple enters new markets, it serves as a catalyst to expand the addressable market beyond what was previously imagined,” Huberty wrote, meaning that she thinks “Apple is likely to accelerate adoption of AVs [Autonomous Vehicles].”
“[M]uch of the brains and power of a self-driving car—including processors, sensors, [and] batteries—are already designed by Apple today,” she wrote, making the company “well positioned to solve complex technology, safety, performance, and manufacturing challenges of a self-driving car and to scale production faster than others targeting the same market.”
MacDailyNews Take: Only double?
Already, Apple has proven that the so-called law of large numbers is quite the flawed law.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK