Top Apple Stock News: Apple’s Vehicle & Autonomous Driving System
Top Apple Stock News – The Apple Car project is currently focused on developing self-driving technology that could be used in cars made by other manufacturers, rather than Apple itself actually producing a car. In analysts Morgan Stanley’s words, Apple will spend nearly $19 billion on research and development in 2020. This accounts for about a fifth of the total R&D expenditure in the automotive industry ($ 100 billion). Apple and TSMC have an extensive relationship, with the company manufacturing the A-series chips used in the iPhone and iPad. As well as the new Apple Silicon chips used in the Mac. Apple analyst Ming-Chi Kuo has reported that TSMC will provide Apple Car chips.
The share of electric vehicles is growing rapidly in the global passenger car market. In 2015 there were roughly 2.4 million EVs sold, but that will more than double to 6 million by 2024. According to www.virta.global, by 2030, the global electric vehicle will reach nearly 140 million vehicles and will account for 7% of the global vehicle fleet. According to hafenstrom.com, the global EV charging infrastructure market value will grow at 24% CAGR in the forecast period. The market will reach $40 billion per year by 2030.
Digitimes reports that the Apple Car may be unveiled in 2024 or 2025. It could enter the market as EVs are hitting their stride. Apple will have to contend with other automakers making EVs, of course – particularly Tesla Motors. But even in 2024-2025, the market will be anything but saturated with electric cars, and Apple’s car will have plenty of room to grow with the rest of the EV market. Great chances for a successful car release will bring Apple Stock news into a new era of innovation.
Own Cellular Modem Can Decrease Reliance on Supply Partners
Apple is forging ahead with plans to develop and build its own cellular modems for use in iPhone, iPad, and other devices, a move designed to decrease reliance on supply partners like Qualcomm. Apple’s interest in modem technology date back to 2014. But more recent reports suggest Apple solidified plans for its modem team as it battled Qualcomm in court. Apple sued the company in 2017 over patent licensing fees. The move extends Apple’s push toward greater reliance on its own parts at the expense of Qualcomm, Intel, and others. Qualcomm gets about 11% of its revenue from Apple, while Intel gets roughly 7% of sales from the iPhone maker, according to data compiled by Bloomberg.
Beyond intellectual property, Apple over the past few has acquired engineering talent from Qualcomm and other major industry players. It is unclear when Apple intends to integrate its own modem in a shipping product, though terms of the Qualcomm settlement include a six-year supply licensing agreement that took effect on April 1, 2019. Prior reports claimed the first Apple modem would debut in 2022. There should be little doubt that Apple would strongly prefer to cut ties with Qualcomm once that’s feasibly possible without adversely impacting the iPhone’s competitiveness in the smartphone market.
AirPods Max Is the Next Mega Seller for Apple
Apple announced on Tuesday the debut of AirPods Max, the latest model to join its AirPods family of devices. Unlike the wireless earbuds that have been such a hit with users, the AirPods Max marks the first over-the-ear wireless headphones in the lineup.
The AirPods Max boasts up to 20 hours of battery life and will be available in five colors: space gray, silver, sky blue, green, and pink. Another interesting feature is that the headphones use optical and position sensors to automatically detect when they are on the user’s head and will pause when removed or when the wearer lifts the earphone away from the ear. To be sure, AirPods are already hugely popular. Sales of the wireless earbuds roughly doubled to $6 billion in 2019, according to analyst Toni Sacconaghi of Bernstein, who predicted that sales could reach $15 billion by the end of 2020, buoyed by the introduction of the AirPods Pro in October 2019.
The wearables market has become the next big growth area for the iPhone maker, outside of its services business. The wearables, home, and accessories segment had a record-setting fiscal fourth quarter for Apple, generating revenue of $7.9 billion, up 21% year over year. The business represented more than 11% of Apple’s total revenue for the trailing-12-month period.
Fitness+ for Future of Apple Stock
Fitness+ will launch with 10 workout categories, including high-intensity interval training yoga, core, cycling, rowing and running.Like everything else in the Apple ecosystem, Apple Fitness+ data derived by the Watch can sync to an iPhone, iPad, Mac, or Apple TV. It’s a major advantage for Apple that Fitness+ will be integrated into every active device through the new Fitness app on the iPhone, which the company says it will also be available on iPad and Apple TV. The company already has a massive built-in user base with more than 1.5 billion active devices around the world.
According to finance.yahoo.com, Apple would be able to gain 15 million subscribers in the next three years for its newly launched fitness service. Loup Ventures analyst Gene Munster theorized that If Apple manages to sell another 10 million watches at $300 a piece — that could add $3 billion.
It’s a smart way for Apple to make the Apple Watch even stickier. If people get really into the fitness classes, it will be yet another way Apple keeps people locked into its ecosystem of products. According to www.reportlinker.com, the global home fitness equipment market could reach the growth from $6.76 billion in 2019 to $9.49 billion in 2020 at a compound annual growth rate (CAGR) of 40.4%.
It can be concluded that the home fitness market will continue to grow, then the demand for the fitness + service will grow. Enticing customers to buy-in for the long run with specialized services like Fitness+ keeps Apple’s revenue stream a torrent – and investor outlooks healthy and glowing while their portfolios remain fit.