Apple Stock News: Canceling Electric Car Project
Apple Stock News: Bloomberg reports that Apple has scrapped its long-planned autonomous electric car project after investing millions over a decade. The decision, relayed to 2,000 surprised employees by COO Jeff Williams, prompts a shift to AI development under John Giannandrea. Layoffs are expected, with some staff transferring to other divisions. Earlier, plans had scaled back from a full driverless car to an electric vehicle akin to Tesla’s tech, aiming for a 2026 release, but all plans are now halted. The project, marred by leadership changes and shifting focus, saw its demise decided by senior executives in recent weeks.
Chips Based on TSMC’s 2nm Process
Reportedly sourced from a LinkedIn post by an Apple employee, it’s claimed that Apple is already working on chips using TSMC’s forthcoming 2-nanometer process, as disclosed by the leaker Revegnus on Twitter. This suggests Apple’s involvement in reducing transistor sizes for quicker and more efficient processors. TSMC is reportedly developing even smaller 1.4-nanometer chips for 2027, with Apple showing interest in both 1.4nm and 1nm technologies. Apple recently upgraded to 3nm chips for its devices, delivering significant performance enhancements. Expected to be the first recipient of TSMC’s 2nm chips, Apple may need to adjust designs to optimize the new technology. As TSMC’s primary customer, Apple often leads in adopting new chip innovations, as seen in securing all of TSMC’s 3nm chips in 2023.
Major Upgrades for Apple Vision Pro aren’t Expected Until 2027
Analyst Ming-Chi Kuo suggests significant hardware updates for the Vision Pro headset may not occur until 2027, based on his latest supply chain insights. While a new model with changes to specifications might not start mass production until then, Kuo believes Apple could be working on research and development. He anticipates potential cost and production improvements but doesn’t foresee major user experience changes. Additional international releases for the Vision Pro are expected before WWDC in June, following its recent U.S. launch
Unreleased Products
Apple updated an internal support document regarding unreleased products, coinciding with rumors of new iPads and Macs. While changes to the document were made, specific details remain undisclosed. Bloomberg’s Mark Gurman reports Apple plans to unveil refreshed iPad Pro, iPad Air, and MacBook Air models by late March, with anticipated features including OLED displays, M3 chips, and Wi-Fi 6E support. The MacBook Air is also expected to feature the M3 chip, while iPhone color options typically debut around March or April.
