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Apple's foray into the auto market didn't make sense from the start.
Apple (AAPL -0.35%) is finally giving up on building a car, but this has been developing for years. In this video, Travis Hoium shows how far Apple was behind competitors in autonomous driving and how it likely didn't have the business to succeed in the auto market.
*Stock prices used were end-of-day prices of March 5, 2024. The video was published on March 5, 2024.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Uber Technologies. The Motley Fool recommends General Motors and Mobileye Global and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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