Every once in a while, a revolutionary product comes along that changes everything.
So said the late (and great) Steve Jobs when he unveiled the first iPhone back on January 9, 2007, implying that the newly launched iPod-lookalike with Blackberry-level functionality was one such revolutionary product.
He wasn’t wrong. In fact, he couldn’t have been more right.
Today, there are more than a billion iPhones in the hands of people all across the globe. Last quarter alone, Apple sold more than $50 billion worth of iPhones, and Apple is now the most valuable company in the world, with a $2.2 TRILLION market capitalization.
Get the Details on Apple’s Next Star Product
Talk about a revolutionary product. Since the iPhone was announced in early 2007, Apple stock has risen more than 4,000%, turning every $10,000 investment into more than $400,000!
Important to note: Apple launched the iPhone in 2007, just a year before the U.S. economy plunged into its worst recession since 1930, and still, Apple stock rose more than 4,000% from that moment. The point, of course, is that revolutionary products grow right through recessions.
Now… what if I told you that Apple was about to do it all over again?
That is, what if I told you that Apple is about to launch another revolutionary new product over the next 12 months? Better yet, what if I told you that this new Apple product could be even more revolutionary than the iPhone? And, perhaps best yet, what if I told you that this new product was the last big idea from the great Steve Jobs himself?
Well, folks, all of that is 100% true.
Get the Details On Apple’s Next Star Product
Apple is about to launch a brand-new product over the next 12 months that will likely be more revolutionary than the iPhone, and it was an idea that Steve Jobs postulated as the next big breakthrough for Apple all the way back in 2008.
The time to learn about this new Apple product – and discover the stocks to buy to play its huge breakout – is now.
Introducing “Project Titan”
In 2008 – just a year after the launch of the iPhone – Steve Jobs speculated in multiple meetings with senior Apple execs that the company’s next big breakthrough product after the iPhone would be an Apple Car.
Nearly 15 years later, that vision is becoming a reality.
Dubbed “Project Titan” by insiders, Apple has been quietly developing an autonomous electric vehicle for years now.
Get the Details On Apple’s Next Star Product
The development has not been straight forward.
Rumors first broke about an Apple Car back in 2015. Then, in a somewhat dramatic pivot in 2017, Apple decided to ditch making a full car in favor of just developing self-driving technology. In an equally dramatic pivot in 2019, Apple switched back to plans to make a full-scale Apple Car. And just last year, Digitimes reported that Apple is planning to mass produce its long-awaited and highly-anticipated Apple Car in 2024.
So, what’s with this whole “car” thing? Why isn’t Apple just making a better iPhone? Why are they making an EV?
The answer has to do with technology adoption rates.
In terms of adoption rates, EV technology is today where smartphone technology was back when the iPhone launched.
The iPhone launched in 2007. At the time, smartphone penetration rates in the U.S. were about 10%. Last year, EV penetration rates globally were about 10%.
Apple knows from its success with the iPhone that the key to driving long-term growth through a revolutionary product is to launch that product right when adoption of that product’s technology is about 10%.
That’s exactly where we are today with EVs. Naturally, Apple is planning to soon launch its own EV. They know that if the Apple Car is a hit, it could change the course of Apple’s business for years to come.
Of course, the Apple Car will be a hit. This is Apple we’re talking about. Everything they do is a hit. The iPhone. The Mac. The iPad. The Apple Watch.
Soon, we’ll be adding the Apple Car to that list – and it’ll be Apple’s biggest product yet, because the auto market is significantly larger than the smartphone, computer, tablet, and smartwatch markets put together!
To play this coming Apple Car megatrend, you could buy Apple stock. But let’s face it: With a $2 trillion market cap, Apple stock’s days of scoring investors 10X or greater returns is behind it.
That’s why we’ve identified a small $5 stock that could be at the center of Apple’s biggest consumer product launch since the iPhone.
Get the Details On Apple’s Next Star Product
Meet Luke Lango
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends.
About
With Luke Lango’s Innovation Investor, Luke Lango’s goal is to offer readers research on an elevated small-cap investing strategy that goes beyond anything that’s been done before on Wall Street. Luke was ranked America’s #1 stock picker in 2020 according to TipRanks and has 15 recommendations that have soared as high as 1,000% or more over his tenure.
Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. For access to our full disclaimer and disclosure policy regarding editor securities holdings, go to http://www.investorplace.com/disclosures/ or call 1-800-219-8592.
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