What you need to know
- Gene Munster believes that an actual Apple Car is a certainty now.
- The analyst also believes that Apple would be the biggest threat to Tesla.
As reported by CNET, Gene Munster, co-founder and managing partner of Loup Ventures, believes that the argument between an actual Apple Car or the company licensing the underlying software is over. The analyst says that, while it was not clear six months ago, it is now that Apple will build an actual car.
When asked why Apple would wade into the automotive business, Munster echoed the same reasons shared by Katy Huberty at JP Morgan, saying that it was all about the size of potential market share in an industry that was ripe for innovation.
In fact, Munster believes that Apple may be the biggest threat that Tesla could face, despite dozens of other major automakers and startups getting into the electric vehicle business.
After talks reportedly broke down between Apple and Hyundai/Kia, some now believe that the most likely partner for Apple on an electric vehicle is Nissan.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.
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