| Apple Car was and is a fundamentally bad idea. Limited/no cross-sale synergies with other products Massive up-front costs to establish a manufacturing network Massive up-front costs to establish a dealer and maintenance network Strong existing competition which will only get stronger with time No clear USP ("Made by Apple" is not a USP) The only way to crush the market would be to make a car that flies and to set up the infrastructure to make flying cars usable for domestic and work commuting. Since that's not going to happen, the absolute best anyone expects from Apple Car is a me-too car that looks a bit nicer and rounder than the rest. And is available in white, black, pink, and gold. And it absolutely has to self-drive, because that's where the competition will be. Me-too isn't enough to win in that market. |
If you imagine that people will buy, own, and sell cars the same way they do today, forever, then sure--an Apple car makes no sense. But it's pretty likely that the relationship between cars and people will change at some point, and that is the point at which Apple wants to be ready.
Or rather, just beyond that point--when the new direction is clear, but the early products still suck. That's when Apple likes to get into new markets.