City
Epaper

Apple's shift from EVs to AI draws diverse reactions among influencers

By IANS | Updated: February 29, 2024 21:05 IST

New Delhi, Feb 29 A rise in discussions related to "Apple" among influencers on the "X" platform has ...

Open in App

New Delhi, Feb 29 A rise in discussions related to "Apple" among influencers on the "X" platform has been witnessed in the last week of February after reports emerged about Apple's decision to discontinue its electric vehicle (EV) project, a new report revealed on Thursday.

According to the leading data and analytics company GlobalData, influencers expressed mixed sentiments on Apple's EV project cancellation, with some viewing it as a wise reallocation of its focus towards artificial intelligence (AI).

"Though the move is expected to impact employees and bring about a change in industry dynamics, there is speculation that Apple may still impact the automotive sector through software and services rather than manufacturing," said Smitarani Tripathy, Social Media Analyst at GlobalData.

A few popular influencer opinions captured by the report are - "I have lost the count of how many times we have heard about #AppleCar project starting, halting & closing. Hope this is the last. Another reason for @Apple choosing to shutter the project is #ElectricVehicles losing sheen & revival of interest in #Hybrid & ICE cars... where $aapl will find it hard to differentiate," said Prakash Sangam, Founder of Tantra Analyst.

"Big New in Tech: @Apple car project cancelled. Perhaps it's a sigh of relief for @Tesla and many other automakers. IMO Apple should buy @Ford and revamp it!" Sarbjeet Johal, Technology Analyst and GTM Strategist mentioned.

Reaction from John Voelcker, Contributing Editor at Car and Driver Magazine stated: "Apple Inc will cancel its decade-long effort to build an #EV, abandoning one of the most ambitious projects in its history. The company disclosed the decision today, surprising nearly 2,000 employees working on the project. Hot Take: It NEVER made sense."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Business Trump singles out India for punitive 25 per cent additional tariff for buying Russian oil

National Trump singles out India for punitive 25 per cent additional tariff for buying Russian oil

NationalManipur: Kuki-Zo tribal body holds ‘constructive’ meeting with MHA

NationalMan held in Bengal's Sandeshkhali for raping woman on false promise of marriage

FootballDurand Cup: Debut goal from Hamid Ahadad seals crucial win for East Bengal

Business Realted Stories

BusinessIndia points finger at China, Turkey after Trump slaps additional 25% tariff due to Russian oil imports

BusinessParliament passes two landmark maritime bills in a single day

BusinessUS tariffs leaves Rs 20 crore egg consignment stranded in TN's Namakkal

BusinessTrump tariff actions 'unfair, unjustified', national interest top priority: India

BusinessNew Trump tariffs on India to take effect in 21 days