Apple's self-driving partnership is the next phase of 'Apple as a service,' Loup Ventures' Gene Munster says
https://www.cnbc.com/2018/05/25/apples-self-driving-partnership-is-about-services-gene-munster.html
Instead of framing Apple's self-driving car ambitions around vehicle design, investors could view Apple's new Volkswagen partnership as another investment in the hardware giant's growing services business, venture capitalist Gene Munster said in a note.
Apple is providing software for automaker partner Volkswagen, according to report this week in The New York Times. The report indicated that Apple has adjusted its self-driving dreams in recent years, resigning to work with Volkswagen after earlier negotiations with several automakers fell through — in part because Apple was hesitant to relinquish control over the vehicle design.
