Market Overview

Is An Apple Car About To Be Unveiled? Remember What Readers Said Last Month

Share:
Related AAPL
Due In Stores This October, Reports Surface That Final iPhone X Production Has Not Yet Begun
Why It's Too Soon To Judge Apple's Next Product Cycle
McDonald's, Texas Instruments Move on Dividend Hikes (GuruFocus)

A car from Apple Inc. (NASDAQ: AAPL) is a rumor that, just like the TV, continues to be speculated on. While the Cupertino-based company hasn't announced anything publicly, that hasn't stopped one media outlet from circulating apparent pieces of concept art.

Related Link: Motor Trend Tweets Apparent Apple Car Concept Art; More Said To Be Coming Thursday

The images are serious enough that they're scaring Tesla Motors Inc (NASDAQ: TSLA) investors; shares briefly fell on the news.

But does the average person really expect any announcement right now?

Last month, a poll of 4,200 Benzinga readers showed 59 percent did not expect Apple to discuss its automotive plans at a March 21 product event.

However, one analyst has a slightly different take. "I think there is going to be a long steady flow of information,” Piper's Gene Munster said in a recent interview. “Hard to keep that under wraps," Munster added, in relation to Apple car-related plans and concept images.

Munster also said a potential Apple car could cost around $75,000.

Posted-In: News Rumors Movers Tech

 

Related Articles (AAPL + TSLA)

View Comments and Join the Discussion!
Loading...
Loading...