Apple is set to launch two breakthrough products from 2020 to 2025, which could help further increase its value to around $2 trillion, according to a well-known insider.
In a research note, Reputable Apple analyst Ming-Chi Kuo, who now works for TF International Securities, said he expects the company to release the augmented reality glasses by 2020.
In addition, Kuo predicted that the company could launch the Apple Car, which is expected to be the next breakthrough in the automobile industry, between 2023 and 2025.
Kuo is considered to be an authority when it comes to inside information on Apple products before they are officially launched. In 2014, Kuo reported that the Apple iWatch will be very expensive. In 2013, he also revealed details about the iPhone 5S and the iPhone 5C, which were proven right when the units were launched.
Apple Car Could Change Auto Industry
Apple recently became the first publicly traded American company to reach a valuation of $1 trillion. According to Kuo, Apple could boost its market cap to $2 trillion through the AR glasses and Apple Car.
In his note, Kuo said Apple could capitalize on the growing replacement demands that are emerging in the automobile industry due to the entry of new technology. The Apple Car, Kuo said, could introduce major changes to the auto sector, like what the iPhone did to the mobile phone industry.
"Apple's leading technology advantages (e.g. AR) would redefine cars and differentiate Apple Car from peers' products," Kuo said in his note.
The analyst added that Apple service will grow significantly by throwing its hat into the car finance market via Apple Car.
"Apple can do a better integration of hardware, software, and service than current competitors in the consumer electronics sector and potential competitors in the auto sector," Kuo added.
Reports about the Apple Car have started to emerge in 2014. Initially, Apple was expected to build an automotive plant in the United States, but the plan never took off.
Apple also looked into the possibility of entering into a deal with an established car company, including BMW, Mercedes-Benz, Nissan, McLaren, Magna Steyr and China's BYD Auto. However, Apple failed to agree to enter into an agreement.
Kuo Expects AR Glasses By 2020
According to Kuo, he expects Apple to launch its AR glasses by 2020 as part of the company's push to promote its user interface products. In the past, Apple was known for promoting UIs such as Mac's mouse, iPod's click wheel, and iPhone's multi-touch.
"We expect Apple will redefine the UIs of existing products by offering an AR experience created by the AR glass, which will likely be launched in 2020," said Kuo.
Earlier, reports surfaced that Apple is developing a head-mounted AR device with high-resolution displays and advanced wireless data transmission technology for communicating with a separate processing box.