Apple’s Next Big Thing: Disrupt The Car Industry – Here Are Two Stocks That Could Win

Apple Inc AAPL . has grown into a business behemoth by disrupting and completely revolutionizing several industries. The company started by disrupting the personal computer, then it disrupted the music industry, then it invented the iPhone/iPad, and blew away the smart phone and tablet markets. Recently, people believe that Apple’s next big thing will be to disrupt the car market. I may have left out a few disruptions along the way but Apple is a force that should be respected.

EV Revolution:

In recent years, the electric car revolution has been sweeping the world by storm. The idea is that people can buy electric cars that are good for the environment because they do not need to consume gasoline. People are slowly adopting the EV revolution, and looking forward, that is one powerful trend that will likely continue for the foreseeable future.

An iCar? Apple’s Move Into The Smart Car Market:

No one knows for sure what Apple will do to disrupt the car industry but many people believe that Apple will launch some form of a self-driving car (among other things). Other car manufacturers will also likely move into this space as the technology improves.

LiDar Sensors:

Light Detection and Ranging (LiDAR) technology is a measurement technique that uses light emitted from a sensor to measure the range to a target object and that is a key technology used for autonomous driving. There are many companies in this space but here are two stocks that could benefit:


Luminar Technologies Inc. Ticker: LAZR

Luminar Technologies, Inc. operates as a vehicle sensor and software company for passenger vehicles and trucks. The company operates in two segments, Autonomy Solutions and Other Component Sales. The Autonomy Solutions segment designs, manufactures, and sells lidar sensors, and related perception and autonomy software solutions for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and other related industries. The Other Component Sales segment engages in the designing, testing, and consulting of non-standard integrated circuits for government agencies and defense contractors. The company was founded in 2012 and is headquartered in Orlando, Florida. The company’s market cap is $11.38B.

Velodyne Lidar, Inc. Ticker: VLDR

Velodyne Lidar, Inc. develops and produces lidar sensors for use in industrial, 3D mapping, drones, and auto applications in North America, the Asia Pacific, Europe, the Middle East, and Africa. The company offers surround-view hybrid solid state, directional solid state, and dome lidars; and Vella, an advanced driver assistance systems (ADAS) software solution built around lidar. Its products are used in various applications, including autonomous vehicles, ADAS, UAVs, mapping, industrial automation, self-driving rovers, autonomous vessels, smart city initiatives, and robotics. Velodyne Lidar, Inc. was founded in 2018 and is headquartered in San Jose, California. The company’s market cap is $4.16B.

Bottom Line:

Apple is well positioned to disrupt the car market. We do not know for sure what will happen but it will be very exciting to see if Apple can pull this off. Others have tried, but they are still struggling with mass adoption. The future is bright and anything is possible. This is one trend that I am looking forward to see happen in the years ahead.

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