Autos

Apple’s long flirtation with the car business divides analysts

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People wait in line at the Apple Fifth Avenue store for the release of the new iPhone on October 23, 2020 in New York City.

Michael M. Santiago | Getty Images

Wall Street analysts had a range of reactions to a Reuters report on Monday that Apple could start production of an electric car in 2024 based around new internally developed battery technology. The report rekindles talk of Apple entering the car business, which was first reported in 2015. Apple has never commented on the reports.

While some analysts see the automotive business as a large new market for Apple to grow into, others say that the reported plan to make an Apple-branded car could run into the reality of the car business:…



Source cnbc.com

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