Apple Car could bolster services but low margins limit upside, analyst says
Apple Car could bolster services but low margins limit upside, analyst says
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: Apple
In 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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