Top Apple Stock News: Possible Apple and Hyundai Deal – Production In the US As Early As 2024
Hyundai Motor and Apple Inc. plan to sign a partnership agreement on autonomous electric vehicles by March and begin production in the US as early as 2024, local newspaper Korea IT News reported on Sunday. The source says Apple and Hyundai are considering building a new plant in the United States that will produce 100,000 vehicles a year by about 2024, with annual capacity eventually being increased to 400,000. The news pushed Hyundai stock up 20%. Apple can rely on the latest battery technology to extend range, improve safety, and avoid cobalt use.
Meanwhile, Hyundai has pledged much money to join the race to build such cars. Last October, the company said it plans to invest $41 trillion ($37 billion) by 2025 in “the mobile technology of the future.” It is worth looking at the graph below: the number of electric vehicles sold by the company is growing every year. In 2019, the number of electric vehicles sold by Hyundai Motor Group in South Korea amounted to more than 23 thousand, about 15.8 thousand from Hyundai and 7.6 thousand from Kia. The car is included in the list of Best New EVs and Hybrids of 2020.
Apple is in talks with leading automakers as the company has no experience in the vehicle market. Therefore, a partnership with a renowned global vehicle manufacturer is a key solution in this matter. Apple is serious about entering the car market. The car is slated to go into production by 2024 with all advanced features and bug fixes.
Biogen & Apple: Virtual Research Study To Test The Value Of Health Wearables
Apple is partnering with biotech company Biogen to conduct virtual research. The study aims to determine whether the Apple Watch and iPhone can collect and transmit biometric data on cognitive abilities. The study tries to identify digital biomarkers that may serve as early indicators of diseases such as Alzheimer’s. Its success will help researchers develop digital biomarkers using wearable devices such as smartwatches, fitness bracelets, and clothing with embedded sensors that will help healthcare professionals and patients detect early signs of dementia, Alzheimer’s, Parkinson’s, and other health problems.
The spread of the coronavirus has impacted user spending on wearable devices. However, demand for wearables, especially smartwatches and headphones, is expected to remain strong in 2021. Global user spending on wearable devices will increase by 22% to $62.9 billion in 2021. Apple continues to dominate the wearable device market (by shipments) with a 33.1% share in the third quarter of 2020. Xiaomi, Huawei, Samsung, and Fitbit FIT follow 13.6%, 11%, 9%, and 2.6% market shares. The wearable tech market was valued at $27.91 billion in 2019 and is expected to reach 74, $ 03 billion by 2025, at a CAGR of 17.65% over 2020-2025.
Guide To Apple Stock News: What’s Coming Out In 2021:New Apple Products
For Apple, 2020 has been filled with groundbreaking product announcements. In the pandemic, the number of new product announcements was quite large. What is Apple planning new in 2021? Let’s look at what we can expect from Apple in 2021 according to www.fool.com.
Spotify (NYSE: SPOT) has been actively promoting podcasts in recent years, spending hundreds of millions of dollars in acquisitions and partnerships with exclusive content. Apple may create a paid tier for its podcast app called Podcasts + to boost demand for its audio services.
Rumors have recently resumed that Apple will jump into the auto industry with a self-driving electric vehicle. Maps + theoretical service can help people discover new directions.
There may be an opportunity to go deeper into investing with inexpensive brokerage accounts.Apple has partnered with Goldman Sachs as the issuer of the Apple Card. Goldman has an internal infrastructure to facilitate trade and investment, and in recent years the investment bank has been trying to serve ordinary consumers better.
Mail + & Health +
Apple may offer various automation technologies to manage things like mailbox management or task scheduling. Fitness + could be part of its strategy to build a digital health platform. Apple already has what it takes to ultimately create a unique service that will improve people’s lives.