Aren't products like smartphones, laptops, desktops, etc all low-margin businesses though? At least for every other company in the market. Apple just sticks to the high end?
Porsche sells hundreds of thousands of vehicles per year with something like $20k profit per car on a $90k average selling price. There could be big demand for an innovative Tesla equivalent that didn't have so many build quality issues.
And Foxconn is desperate to get an Apple car contract. Car companies really screwed themselves by outsourcing everything to suppliers (who have much higher profit margins than the car manufacturers at this point) except the internal combustion engine which is losing importance fast. What I am seeing here for Apple is big demand, low barrier to entry, and high profits.
Porsche sells hundreds of thousands of vehicles per year with something like $20k profit per car on a $90k average selling price. There could be big demand for an innovative Tesla equivalent that didn't have so many build quality issues.
And Foxconn is desperate to get an Apple car contract. Car companies really screwed themselves by outsourcing everything to suppliers (who have much higher profit margins than the car manufacturers at this point) except the internal combustion engine which is losing importance fast. What I am seeing here for Apple is big demand, low barrier to entry, and high profits.