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Apple Car Is 'A Matter Of When, Not If' Says Analyst

Benzinga2021-04-20

Wedbush Securities analyst Daniel Ives expects Apple Inc to lay out the groundwork for the Apple Car in the next 3 to 6 months he said Tuesday on CNBC's "Squawk Box."

"It's a matter of when, not if" for the Apple Car, he added.

The analyst does not expect any news regarding the Apple Car later today at Apple's first event of 2021.

Ives is expecting a refresh across the iPad line announced today. There may be hints about a potential AirPods 3 release, as well as some hints about future AR/VR technology, Ives said.

The analyst also believes that Apple will release an Apple Glasses product in 2022.

Analyst Rating:Ives has an Outperform rating on Apple with a $175 price target.

The analyst thinks that the product cycle plus strong numbers when the company reports next week will be a "one, two punch" for Apple.

As innovation continues at Apple, the stock will continue to go higher, Ives added.

Price Action:Apple is down 0.84% to $133.72 in Tuesday morning.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment9

  • Jazling
    ·2021-04-21
    Comment pls
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  • kino318
    ·2021-04-21
    Thk u. Pls comments. If price reasonable, will continue to buy
    Reply
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  • pet
    ·2021-04-21
    What next after auto? 
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  • TOTHEMOOOOON
    ·2021-04-20
    Like n comment pls
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    • Jazling
      Ok
      2021-04-21
      Reply
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    • SUPERCHARGER
      Comment back leh
      2021-04-21
      Reply
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    • 0680huat
      ok
      2021-04-21
      Reply
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  • 大鸭J
    ·2021-04-20
    Mi's in gives Apple the courage and baisc factories to build the Apple Car.
    Reply
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    • elite
      oower
      2021-04-21
      Reply
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  • CPCheah
    ·2021-04-20
    Tell me your opinion about this news...
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  • ApacheFire
    ·2021-04-20
    Wonder which automotive maker will partner them for the new venture?  
    Reply
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  • FFX
    ·2021-04-20
    definitely will come [得意] 
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  • Dogecake
    ·2021-04-20
    Perfect
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    • ps84
      l
      2021-04-21
      Reply
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