Happy Friday! Contrary to most Fridays, which we commonly refer to as “Slow News Fridays™”, there was actually quite a bit of news out there in the world of Apple today.
- iOS 9’s adoption rate hits 87% in the days leading up to the anticipated release of iOS 10
- And speaking of which, iOS 10 developer beta 7 and public beta 6 went live today
- The 50th anniversary of the International Photography Hall of Fame brings the induction of Steve Jobs – we tell you what his contributions were to the art photography
- Apple’s taking donations for the Red Cross to help relief efforts for the flooding in Louisiana
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“We believe that Apple could release some of its learnings before 2021 as it continues to develop its own car,” he says. “For example, autonomous driving software could come out earlier via an automotive partner or more advanced CarPlay features. In terms of the market, as we’ve previously written, BMW might be the best comp for what Apple could do with the car in a wildly successful long-term scenario.”
BMW sold 1.9 million vehicles worldwide in 2015. At a $75,000 average selling price, hat would represent a $142.5 billion revenue opportunity. The bottom line is that the car, while it could still be scrapped, “has the potential to be a true needle mover,” says Munster.
The analyst also predicts that Apple will open up the iPhone for third-parties to make authorized headsets by 2018. However, he says “it’s hard to see Apple developing a computer-powered high-end headset in the current market.”
