A lot can happen between now and then. But a group of Wall Street analysts is already predicting what an iCar might mean for Apple’s bottom line.
Sundeep Bajikar and a team of Jefferies analysts released a report this week saying that Apple will likely sell 200,000 cars that cost $55,000 on average, adding $11
billion in revenue and $1.6 billion in profit in 2019.
Amazingly, for a company as giant as Apple, that would constitute just a drop in the bucket. Apple is expected to rake in $244 billion in sales in 2019 on top of
nearly $54 billion in profit.