Apple is expected to shed some light on its top-secret internal project called Project Titan, a code name for a self-driving car, in the next three to six months, according to Wedbush analyst Dan Ives.
Ives commented opposite to CNBC, where he reiterated Wedbush's belief that Apple will not launch a self-driving car until 2024. The analyst believes that even if it does launch in a few years, the company will need to release "some information" in advance to "lay the groundwork for an Apple Car." Ives believes Apple will publicly comment on future car ambitions sometime this summer. When asked about the timeframe, Ives says Apple must first "find the partners" for its self-driving car.
Apple Car: Apple could enter into partnership with LG and Magna
This statement is consistent with rumors that the tech giant is in talks with several automakers to produce the Apple Car. Apple has reportedly been working on a self-driving car for several years. A series of reports earlier this year all but cemented the whole thing. The Apple Car, which according to Apple analyst Ming-Chi Kuo will not be launched until 2023 at the earliest, is to be produced and manufactured by a third party. But the product will be marketed under the "Apple" brand. According to this, the Apple Car is to follow the path of the iPhone. It was recently reported that Apple could possibly enter into a partnership with LG and Magna. So the whole thing remains exciting as always. (Photo by Unsplash / Andy Wang)
