AAPL Stock Sets New All-Time High Following Latest Apple Car Rumors
Right on the heels of a fresh round of rumors about Apple's autonomous car project, Apple's stock price spiked to a new all-time high today, touching $157.87 per share before pulling back slightly.
The previous all-time intraday high was set back on September 7 at $157.26, and Apple's stock is now up over 21% so far in 2021 and 33% over the past twelve months.
Investors are no doubt looking toward the potential impact of Apple's entry into the massive automobile market, but any launch is still a number of years away, with Apple's rumored target of 2025 reportedly seen as optimistic even by some within the company.
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Apple is picking up its work on an Apple-designed car and is aiming to create a fully autonomous vehicle, reports Bloomberg. Apple is "refocusing" the project around full self-driving vehicles, a goal that other car manufacturers have not been able to achieve.
Work on an Apple Car began way back in 2014, and since then, the project has gone through multiple transformations. At one point,...
Apple VP of technology Kevin Lynch is taking over the Apple Car project and will be replacing Doug Field, who is moving to Ford, reports Bloomberg.
Lynch first joined the Apple Car team in July, with reports suggesting he had been called on to help lead Apple Car development. Now that Field has left the company, Lynch will be taking over his role and will be in charge of the Apple Car. Lynch ...
Apple is planning a new feature for the iPhone and Apple Watch that would enable the devices to detect if you are involved in a car crash and automatically dial 911 for emergency services, according to The Wall Street Journal's Rolfe Winkler.
Apple plans to launch the "crash detection" feature in 2022, the report claims, citing company documents and people familiar with the matter.
The...
Friday September 3, 2021 9:25 am PDT by
Sami FathiApple has hired two former Mercedes engineers to join the company, likely as part of its effort to continue to build out its internal workforce as the development of an "Apple Car" continues.
The leading new hire previously worked at Mercedes, focusing on mass production of vehicles, vehicle steering, dynamics, and software and project management. The hire, now working as a product design...
Thursday October 7, 2021 4:28 am PDT by
Sami FathiApple is looking to expand CarPlay's functionality to include controls for core car functions such as the air conditioning system, radio, speedometer, seats, and more, according to a new report from Bloomberg.
The project, internally codenamed "IronHeart," is still in its early stages but would include Apple working with carmakers to expand CarPlay's functionality to control core car...
Last year, Apple debuted support for digital car keys, which let users lock, unlock, and start their vehicles using a pass stored in the Wallet app on the iPhone. And with iOS 15, there's now Ultra Wideband support on the iPhone 11 and later that will let the feature work without having to remove your iPhone from your pocket.
Car manufacturers need to add the NFC technology to their vehicles ...
Doug Field, Apple's Vice President of Special Projects, is leaving Apple and abandoning his work on the Apple Car in favor of a position at Ford, Ford announced today.
Field has jumped from company to company in recent years, and since 2018, he has been leading Apple Car development alongside Bob Mansfield and John Giannandrea, who took over leadership for the project in late 2020. Prior to...
Ahead of the 2021 United Nations Climate Change Conference, also known as COP26, Apple today announced that it is adding 10 new projects for its "Power for Impact" initiative, which looks to bring clean energy solutions to communities around the world, and has more than doubled the number of its suppliers committed to using 100 percent clean energy over the past year.
Apple announced its...
It's already Tuesday, October 26 in New Zealand, Australia, and multiple countries in Asia which means it's MacBook Pro launch day. Customers in New Zealand and Australia are always the first to get their hands on new devices due to time zone differences, and the new MacBook Pro models are no exception.
14 and 16-inch MacBook Pro models are beginning to arrive to customers who pre-ordered last ...
Kevin Lynch, who is well known at Apple for overseeing work on the Apple Watch, is set to take on a role leading the development of the Apple Car, reports Business Insider.
Several sources within Apple told Business Insider that Apple has been called on to help lead the Apple Car project, which has undergone several shifts in leadership over the years.
Right now, Apple Car development is...
Top Rated Comments
Is Microsoft still the most valuable company today? In market value?
Shares are definitely a keeper. Personally, I add at almost every pullback.