The sky is the limit with regards to Apple Inc. (NASDAQ:AAPL) seen by the stock surging to another all-time high after it emerged the company had a keen eye for the auto industry in ways that other silicon companies aren’t. During an interview on CNBC, Cantor Fitzgerald Managing Director, Brian White, reiterated that an Apple car could be the iPhone of the future as the interconnection between phones and cars gains momentum.
White believes Apple Inc. (NASDAQ:AAPL) could go as far as launching a full-blown car instead of licensing its technology to other automakers, in the next five years.
“One thing I have noticed when I go to CES and Mobile Congress is all the car companies are there, and electronics is becoming very-very important. Everything connects to your car, so I see it as a huge opportunity, and I see it as a device that is connected to everything that we have,” said Mr. White.
The fact that Apple Inc. (NASDAQ:AAPL) is the only company that has with success developed one of a kind hardware’s, and software’s goes to cement the prospects of the company producing its own iCar according to the analyst. The Cupertino-based company has already hired some of the finest talents in the auto industry as it continues to work on its secret project.
It is still unclear according to CNBC’s, Melissa Lee, whether Apple Inc. (NASDAQ:AAPL) is ready to spend up to $1 billion in building plants for bringing to realization its cars. Apple Massive cash balance aided by the impressive sale of iPhone 6 only goes to show that anything could be up for grabs according to the analyst.
Apple Inc. (NASDAQ:AAPL) has a solid ground to penetrate the auto industry on the fact that everything is being connected by computers ranging from smartphones to cars. There is no doubt that the company remains well positioned to leverage its rich heritage in the hardware and software business to bring to realization an electric car.
“Everything has become like a computer, our phones became the computer; the TV is becoming a computer our cars are becoming a computer in a way. There is only one company in the whole world that makes a hardware software together with a seamless digital ecosystem and that’s Apple Inc. (NASDAQ:AAPL) and that’s very exciting,” said Mr. White.
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