According to The Wall Street Journal with reference to some anonymous sources related to Apple, the participants of Project Titan keep on working on creating an electrocar. If everything goes as planned, the innovative vehicle by Apple is going to be introduced by 2019.
According to the Hi-Tech Department of Masterforex-V Academy, creating an electrocar with the autopilot feature is a part of Apple’s long-term plan. Still, the first model of the series is going to be need a human driver.
So far, there have been no official announcements on the matter. However, the sources closely related to Apple report that a dedicated team is working on the project. This project’s code name is SG5. It is also reported that in order to make it a long-living project and kept it secret, Apple has registered a standalone company - SixtyEight Research. This is the company that is going to work on Apple electrocars form now on.
It is also reported that the Project Titan team already counts over 600 employees. However, Apple has already decided to expand the ream all the way up to 1800 people. At the same time, most experts assume that the current deadline is unreal to meet.
As for Apple’s stock, the price of AAPL lost 1.57% more yesterday, thereby going down to $113,40 per share, which is confirmed by the price chart below, courtesy of Masterforex-V Academy.
