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Apple Car could bolster services but low margins limit upside, analyst says
Apple Car could bolster services but low margins limit upside, analyst says
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on December 23, 2020 at 3:20 PM Goldman Sachs believes that an “Apple Car” makes sense as a services-supporting hardware platform, but notes that the high costs of releasing a car could mean a limited impact for investors.
Credit: AppleIn a note to investors seen by AppleInsider, analyst Rod Hall writes that Apple is “well positioned” to design and sell a vehicle because of its strong hardware and software development and integration. His analysis comes on the heels of a Reuters report that Apple is planning to produce an electric vehicle by 2024.
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