22 December 2020
In the past week, the rumors around the Apple Car launch have started to surface online once again. A report from Reuters claimed a possible launch around 2024 but well-known research analyst Ming-Chin Kuo has offered his own take on the situation. He believes that the market experts have started to get too optimistic about the release timeline.
Kuo says that while Apple is indeed working on a project related to making cars, there is no definite release timeline. He is expecting the Apple Car launch to happen in 2025 at the earliest but chances of that happening are small. It is expected that 2027 is the team where we can realistically expect the announcement but it can even get pushed back to 2028.
He adds that Apple's car development plans are in very early stages. It means there are things that can change as the development will progress. Another important thing to keep in mind is that the electric cars market is constantly evolving which is something that will also affect the way Apple's own plans move forward.
He further notes that Apple does not always succeed right away when it enters new markets. HomePod is one of the examples where it has been in the smart speaker market for some time but is yet to capture a significant market share. It seems like we are better off letting things happen at their own pace instead of making speculations about what Apple might achieve.