Apple has a wide range of know-how
This is what the analyst Krish Sankar of the internationally active US investment bank Cowen expects. In a recent report, which AppleInsider is available, he justifies his assessment, among other things, with Apple’s diverse know-how in many technology areas and the numerous existing activities of the company. As examples, Sankar cites Apple’s expertise in chip development, the in-house cloud and software platforms including the map service and, last but not least, experience in the areas of machine learning and artificial intelligence.
A desirable partner for established manufacturers
“The strengths in all of these areas make Apple a desirable partner for the established automakers,” writes Sankar in his analysis. This opened up numerous opportunities for the Californian company. Apple could, for example, make its know-how available to companies that have so far lacked expertise in future core technologies. The takeover of a manufacturer of electric cars is also conceivable, however, according to Sankar, even Apple in this case would not have enough capital to start mass production of vehicles worldwide. The third option is to work with an established manufacturer who then produces the Apple Car as a contract manufacturer. According to previous reports, Apple has already decided to take this route, and a corresponding agreement with Hyundai is about to be concluded.
Apple becomes a strong competitor
Regardless of which of these three possible paths Apple ultimately takes, Sankar expects the iPhone group to become a strong competitor for the established manufacturers in the global market for electric vehicles. At the same time, the Apple Car in Cupertino could ensure further increasing profits. In the medium term, the analyst predicts an increase in the share return of around 25 US cents, depending on Apple’s profit margin, he also considers 50 US cents to be possible.