Apple Share Price Predictions: Apple Will Eventually Have To Build And Sell Its Own Self-Driving Luxury Car
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
AAPL Stock Value
Summary:- Tim Cook confirmed that Apple is indeed working on an Artificial Intelligence-enhanced software platform for self-driving cars.
- However, we all know that Apple has always been a hardware company. It makes most of its money from selling pricey hardware products.
- My fearless forecast is that Apple is just biding its time before it confirms that it is also developing its own self-driving luxury car.
- Apple has more than $250 billion in cash. Apple can easily afford to buy electric car maker Nissan or BMW.
- I Know First has a positive one-year algorithmic forecast for AAPL. The stock might dip near-term but it will most likely go higher than $146 again after a one year period.