Apple and Hyundai to establish an electric car tie-up

  • Hyundai Motor and Apple plan to sign a partnership deal on autonomous electric cars by March

  • They are targeting to start production around 2024 in the U.S.

  • This news follows a statement from Hyundai Motor that it was in early talks with Apple to launch a self-driving electric car in 2027

  • It is expected that the companies will build the cars at Kia Motors' (an affiliate of Hyundai Motor) factory in Georgia, or invest jointly in a new factory in the U.S. to produce 100,000 vehicles by 2024

  • The full annual capacity of the proposed plant would be 400,000 vehicles

  • In late 2020, Apple announced it was moving forward with autonomous car technology and aimed to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024

    Fundamentals Apple

    For this year Apple 's revenue will be around 316,49 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2019's revenue of 274,52 billion USD.

    Historical revenues and results Apple plus estimates 2020

    fundamantele data Apple

    The analysts expect for 2020 a net profit of 66,44 billion USD. The majority of the analysts expects for this year a profit per share of 4 USD. The PE-ratio therefore is 32,2.

    For this year the analysts expect a dividend of 85 cents per share. The dividend yield is then 0,66 percent. The average dividend yield of the hardware & equipment companies is a poor 0,42 percent.

    Most recent target prices around 132 USD

    The most recent recommendations for the hardware & equipment company are from Credit Suisse , UBS and Wedbush Morgan Securities.

    Apple 's market value equals around 2289,16 billion . The Apple stock was the past 12 months quite unstable. Since last January the stock is even 66 percent higher. This year the stock price moved between 53 and 139 dollar.

    Historical stock prices Apple

    financial analysis apple

    Click here for dividend Apple. At 17.34 the stock trades 1,86 percent higher at 128,8 USD. Nieuwsdienst: +31 084-0032-842

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