The Chief Executive Operator at Apple, Tim Cook, opened a narrow window into the future plans of his company during a recent interview. The tech giant kept secrecy for years around one of its most important side projects, namely car development. For the first time, Apple CEO confirmed suppositions and rumors that coupled his company with autonomous vehicle tech.
The Autonomous Vehicle Tech Will Value $6.7 Trillion by 2030
At the beginning of June, Tim Cook participated in an interview session. This moment came with valuable information about how his prestigious company is going to look like in the future. One of its main anchors that are going to fixate the company in the top of its industry for a long time is the autonomous vehicle tech. Tim Cook claimed that this domain is going to play an important role in his professional evolution. On the other hand, the CEO stated that this project came with a lot of challenges.
“ It’s a core technology that we view as very important.”
However, there is no wonder that one of the most influential organizations in the world is aiming for this target. According to McKinsey & Co, this novel industry of self-driving cars is going to value around $6.7 trillion by 2030. As a consequence, a large array of notorious companies engaged in this race. Some of these are Alphabet, Uber, BMW, General Motors Co, and many others.
Apple Has Already Performed Test Drives with Its New Technology
Apple itself was on the verge of introducing its very first car on the market. However, these plans were eviscerated by the shifting image of today’s vehicle industry. The majority of companies left the traditional car behind and focused on the future. Therefore, Apple complied and aimed for autonomous systems instead.
Signs of this project of the iPhone maker surfaced this year. In April, official documents revealed Apple requested a permit to test three usual cars with new technology on the roads of California. However, key employees in Apple’s vehicle department didn’t comment on the results of these tests.
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