Tech giants Apple have been rumoured to be conquering the auto market, manufacturing an electric car that could be slated for release as early as 2019. A secret project known as "Project Titan", Apple has hired 1800 employees to help work on the secret project. Tesla CEO confirmed the development this month. [
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[...] Bloomberg is among the brave outlets willing to put a time frame on the iCar development, reporting that Apple will release the iCar as soon as 2020. They claim to have spoken to people close to the matter, who say: "Apple, which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020."
However with this being said, the WSJ reports that Apple has revised its original plan of a 2020 announcement and is instead aiming for a slightly closer announcement. The report claims that Apple has designated the iCar internally as a "committed project" and is now aiming for a 2019 release date after spending more than a year looking into the feasibility of an Apple-branded car.
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A team of tech analysts from Jefferies & Co have thrown their hats in the ring, suggesting what they predict will be the price of the Apple’s iCar. The team suggested that the iCar is likely to have a price tag of around $55,000, which translates to around £36,000 at the time of writing. That makes it almost half the price of Tesla’s Model S in the UK, which could give the fruit shaped company a much-needed advantage in the electric car industry.
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