Apple’s is creating a car and it’s a bigger deal then you think!

These roamers have been getting stronger all week but, We might have an answer, WSJ is reporting that it this actually working on a car. Apple has been creating awesome mobile phones and tablet but, Apple now wants to go to another much large product category: automobiles!

The Cupertino, California company apparently has over hundreds of people working on this new project code named: “Titan”! This new car is suppose to electric powered. One of the people have said that Apple is working on a Miniwan type car but, a Apple Spokesman denied to comment. We are not expecting this car to get on the road anytime soon – As much as several years before you can see one of these on the road.

YOU MIGHT NEVER HAVE ONE

Brian White, an analyst at Cantor Fitzgerald, is asking one big question: Will Apple car be “The iPhone of the future?” A note to clients Apple wrote:

Apple has clearly shown its interest in the auto market with CarPlay that was rolled out in early 2014; however, there has never been any official statement around an Apple Car. In our view, as more “things” become computers, we believe Apple is very well positioned to leverage its heritage in the industry developing hardware and software innovations together across a vast digital ecosystem, creating easy to use, aesthetically pleasing products.

“In this comment, White also cites some comments from Ford from last year’s MWC where they called cars “the smartphone of the future.” By looking at the Auto Market this could be significant thing for Apple! It could make upwards of $2 Billion in profit and that’s only 2%.

Everything is speculating that Apple is going to buy Tesla – One of the biggest company in making “expensive” “luxurious” cars! If Apple does-not buy Tesla then there will be quite a big of a competition. These are still rumors and if Apple does make a car then it should be a big deal!

This article will be updated periodically so check back often.

[mks_button size=”small” title=”Source: The Wall Street Journal” style=”squared” url=”http://www.wsj.com/articles/apples-titan-car-project-to-challenge-tesla-1423868072″ target=”_blank” bg_color=”#dd3333″ txt_color=”#FFFFFF” icon=”fa-external-link” icon_type=”fa”]  [mks_button size=”small” title=”Source: Business Insider (1)” style=”squared” url=”http://www.businessinsider.com/cantor-fitzgerald-on-apple-car-2015-2″ target=”_blank” bg_color=”#dd3333″ txt_color=”#FFFFFF” icon=”fa-external-link” icon_type=”fa”] [mks_button size=”small” title=”Source: Business Insider (2)” style=”squared” url=”http://www.businessinsider.com/how-much-money-can-apple-make-from-cars-2015-2″ target=”_blank” bg_color=”#dd3333″ txt_color=”#FFFFFF” icon=”fa-external-link” icon_type=”fa”]

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Dhrumil Shah

I do tech.

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