But I guess my question is, why would you bother with only making 4,000 cars a year, if you’re Apple? Especially if the initial cost of making that $100b market cap (which a solid iPhone quarter alone will net you) is more than $100b (not accounting for R&D tax rules fuckery because I’m not versed enough in how all that works and what the current rules are) on development work.
I have similar concerns about the Apple Vision Pro, given its small yields and current high ASP/muted demand, but at least there you can see the vision (pun unavoidable) of how it could eventually be an iPad-sized business or greater. A car only works if you do go after Tesla and Mercedes and BMW, etc.
I just don’t see any reason Apple would enter any business if not to take it on as a mass market player. Selling a $10,000 variant of a $500 watch is one thing (and that strategy failed, for what it’s worth), selling a low quantity machine that you still have to maintain and support that isn’t part of your core competency as a company is something else entirely.
I have similar concerns about the Apple Vision Pro, given its small yields and current high ASP/muted demand, but at least there you can see the vision (pun unavoidable) of how it could eventually be an iPad-sized business or greater. A car only works if you do go after Tesla and Mercedes and BMW, etc.
I just don’t see any reason Apple would enter any business if not to take it on as a mass market player. Selling a $10,000 variant of a $500 watch is one thing (and that strategy failed, for what it’s worth), selling a low quantity machine that you still have to maintain and support that isn’t part of your core competency as a company is something else entirely.