http://jalopnik.com/apple-gives-up-on-building-its-own-car-because-the-enti-1787875242
-- submitted from IRC
1st Gear: The Apple Car Is No More
Building cars is hard. Tesla knows that. Google learned it the hard way too. And the latest tech giant to discover limits to its car-building ambitions is Apple, which according to Bloomberg , has given up on making its own car.
Granted, I've always thought that Apple's ultimate aim was to develop software or technology it could use to partner with existing automakers, rather than its own vehicle, but now that definitely seems to be the case. Now Apple is focused on creating autonomous systems for other companies.
(Score: 0) by Anonymous Coward on Wednesday October 19 2016, @10:07AM
Maybe not only that. About a year and a half ago, there was an analysis about the car industry in the Financial Times. The verdict there was that the suppliers [Bosch et al] really were where the profits are, not the car assemblers (VW etc). Maybe the situation is the reverse in the smartphone industry -- the Chinese have a habit of not completely understanding how capitalism works, and competing amongst each other to the death.