Apple is setting aside its decade-long plans to build an electric car, according to a Bloomberg report. Yahoo Finance Senior Columnist Rick Newman explained how car manufacturing might have harmed Apple’s profit margins on Yahoo Finance Live on February 27, 2022.
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Of course. You probably get a new phone in every 2 or 3 years. And almost everyone owns at least one phone. But you probably buy a new car in every 10 or even 20 years. And many people prefer gasoline car or public transportation.
How did he get to those numbers, Apple has much higher profit margins!