Comment by spacebanana7
6 hours ago
Apple was wise to get out of the EV business. It's very expensive in terms of factories, regulation etc and not very profitable. They had no first mover advantage, government backing or legacy advantage.
What's the best case scenario? Make few billion a year fuzzed with long term warranty liabilities? That might sound nice, but for apple their companion products like AirPods or the Apple Watch easily clear much better profit. Putting their corporate effort into another companion product is more economically sensible and far less risky.
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