Wedbush analyst Daniel Ives asserts that an Apple Car is coming, and predicts that it will be by 2026.
Apple has yet to even acknowledge the rumors that it is developing an Apple Car. Yet it's an open secret since the company has applied for at least hundreds of related patents, down to a recent one concerning seatbelts.
The company has also been recently linked to a self-driving test facility in Arizona. Plus there have been periodic reports of major staff changes on the project, such as losing managers, engineers, or even a shakeup of the whole team.
Speaking to CNBC on Friday morning, Wedbush analyst Daniel Ives says the only question over the Apple Car is "when, not if."
Ives has actually said that exact phrase before. Back in 2021, he wrote in a note to investors that it was a matter of "when not if" Apple would enter the electric vehicle market.
The analyst described these discussions as a "dating game." He said then — February 2021 — that there was at least an 85% chance of Apple formally announcing a strategic car partnership within the following three to six months.