Apple Inc. (NASDAQ:AAPL) is currently one of the most valuable tech companies in the world. It gained its success by innovating and creating devices that are way ahead of their time or their competition. It has been manufacturing numerous electronic devices over the years but has never set foot inside the ever-expanding autonomous electric car industry. Numerous sites now speculate that the tech giant is secretly in the process of building its self-driving electric car. Here is The Country Caller’s take on why Apple wants to enter the autonomous vehicle industry.
One of the greatest aspects about Apple is its ability to time everything right. Its strategic timing has been critical to get it where it stands today. It is now an open secret that Apple is working on its own self-driving autonomous car, which indicates its prediction that it might be the perfect time to enter the autonomous vehicle industry. With Tesla leading the way with its innovation in the autonomous industry, Apple is out to prove a worthy competition. The autonomous industry has significant potential and Apple would definitely not want to miss the opportunity on offer.
Autonomous vehicles were proposed many decades ago but it’s only in the last few years that electric cars have become a reality, mostly due to the sheer resilience of Tesla. Self-driving cars are seen as the future of the automobile industry. Apple has one of the best research and development teams in the world, with a significant budget. For a tech giant, it has all the necessary tools and resources at its disposal.
All technology ‘heavyweights’ are rumored to be working on their cars. Tesla might have started the most competitively advanced industry ever through releasing its electric cars. The phenomenon has already begun and we only hope that the rumors are true regarding Apple’s desire to join the party.
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