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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST
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To: Zen Dollar Round who wrote (212751)2/28/2024 3:25:01 PM
From: NAG1  Read Replies (2) of 213177
 
ZDR,


Apple Car project dies
I saw this earlier today. I was never really sold on the Apple Car. I thought the startup costs would be prohibitive and the liability of a car that "misbehaves" would just be too high. But it was probably a good exercise to go through to understand how the phone should interact with cars. It will be interesting if something is in the next iPhone that takes advantage of the R&D that the car project produced. A car is probably too far away from core competencies for Apple anyway.

Stock may get beaten up for a few days as analysts take any car revenues out of their long term forecasts.
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